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Opinions David Burrows
Sprott Uranium Physical TrustU.UN.TODON'T BUYApr 14, 2025
David BurrowsStock price when the opinion was issued
As of Aug 21, 2026. Market Open.
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He wanted one pick to be a commodity with the best, long-term supply/demand profile. Supply has always been well below the demand needed. But we've had this overhang of inventory -- first the end of the Cold War, then Fukishima. That's finally dissipating. This is a pure play on a higher uranium price to get additional supply out. A longer-term play.
Annual demand is actually growing. Japan's restarting its nuclear facilities, Germany regrets its shutdown, and Chinese growth is right off the map. US and Canada are starting to add. MER is 0.70%.
John ZechnerThe thesis around a potential uranium shortage to generate electricity is still real. Difference is this is the spot market, whereas the longer-dated futures market is what matters and it's at 17-year highs. This situation will reconcile. Be patient.
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Premium contentGiven current global uncertainty following the recent US election and events in Europe, holding commodities are a good hedge at the moment. U.UN holds physical uranium that is unencumbered and fully allocated. We recommend setting a stop-loss at $20, looking to achieve $32 -- upside potential of 18%. Yield 0%
Exchange traded product, but can trade away from NAV. Largest physical Uranium investment fund. A.I. and tech will require a lot of energy. Traditional energy sources not able to provide enough energy supply. Nuclear technology getting better - will be source of energy going forward.
Mike PhilbrickNot actually ETFs. At the centre of a firestorm whether uranium is being hoarded by financial services. A way to get uranium exposure.
Be careful with the alphabet soup of ETF suffixes when placing your trades, especially on the TSX. Sometimes it can mean USD series or currency hedged, but it's not consistent.
Jason Mann
Uranium stocks have been pulling back since November, before the market started to correct. Technically in the near term, they're all broken. Long-term picture is excellent. Don't add here, until you see something change for the better.