Uranium Prices on a Tear
Richard Hemming
We turned positive on uranium two and a half years ago, and since then the price has climbed 150%, which mirrors the rise in the ASX flagship stock Paladin Energy (PDN) which we first recommended as a buy in April 2021. In June 2021 we recommended the smaller Boss Energy (BOE) whose operations are in South Australia. This stock has returned a stunning 230% since then.
Download Small Cap reports 570 & 571 to read all the stocks we like in the sector to buy now.
Fast forward to today and if anything, the fundamentals of the uranium sector have improved, which is highlighted by Paladin’s production being on track for early next year. We remain positive for both the sector and select individual stocks, which we cover in Small Cap reports 570 & 571
These reports also cover six stocks across a range of sectors, four of which we regard as buys, with different risk levels (see our Risk Rating). This is in addition to our 11 Best Stocks To Buy. These are stocks that you need to consider buying for your portfolio because they have the potential to make a meaningful difference like Boss has for us.
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In a portfolio context, what’s important is that beating the market is about investing OUTSIDE of the market. The flagship uranium stock Paladin Energy is now in the top 200 stocks on the ASX by value or market capitalisation. In the Australian context, the ASX benchmark is the S&P/ASX 200 Index, which is the market. Hence, the much better performer Boss Energy (BOE) isn’t in the market.
As I keep saying, diversification is the big learning in investing for the past 20 years. Put simply, diversification allows you to reduce your risk by spreading it across many stocks whose individual risks are unrelated to each other. To get technical for a second, a portfolio’s risk is reduced through hedging and diversification if stocks are appropriately selected.
The stocks we like have different risk levels and everyone has differing appetites for risk. There is something for everyone in this report.
If you are interested in learning more about the mining sector and how to invest in this area, read more here.
For the Ultimate Guide to ASX Uranium Stocks
You may also like to check out the Ultimate Guide to ASX Lithium Stocks
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