How are energy investors positioned?
Investing.com -- Uranium stocks climbed Friday after Kazatomprom (LON:KAPq), the world’s largest uranium producer, reduced its nominal production target for 2026.
Scotiabank (TSX:BNS) analyst Orest Wowkodaw viewed the lower guidance range as a positive development for uranium markets, noting that future production is expected to fall below previous estimates.
For investors seeking uranium exposure, Wowkodaw recommended Cameco (NYSE:CCJ) as the lowest risk option. He suggested NexGen Energy (TSX:NXE) and Denison Mines (NYSE:DNN) for those with higher risk tolerance looking for greater potential returns.
Several uranium stocks posted significant gains in Friday trading. Cameco rose 3.7%, while Denison Mines added 3.3%. NexGen Energy increased 4.1%, Energy Fuels (TSX:EFR) jumped 7.2%, and Paladin Energy climbed 4.3%.
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