Uranium’s Bull Market Leaves Related Equities Behind, URNM A Hold

HT Ganzo Uranium prices are up sharply across many timeframes. The industrial-heavy commodity is below its spike high from a year ago, but a firm uptrend is apparent when zooming out several years. With nuclear power popularity growing amid geopolitical uncertainty and the re-shoring trend (part of the energy independence theme), uranium demand is seen as strong over the coming years. Still, macro risks linger with ebbing economic growth concerns.

I have a hold rating on Sprott Uranium Miners ETF (NYSEARCA: URNM ) based on a so-so valuation, poor seasonality in the industry, and a mixed chart. Uranium’s Bull Market Last 6 Years

TradingView According to the issuer , URNM is the only ETF to provide pure-play exposure to uranium miners and physical uranium essential to nuclear power. URNM seeks to invest at least 80% of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX). […]

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