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Sprott Uranium Miners ETFURNMBUYJun 14, 2023Stock price when the opinion was issued
As of Jun 15, 2026. Market Open.
We need nuclear to power the demand of AI data centres. It's pervasive. Now we have the CCO-BAM-US government deal to fast-track nuclear reactors. Likes this long term.
If investors want more of a Canadian wrapper, there's HURA. Kind of a 1-stop shop, as this one holds about 12-15% in the underlying commodity.
URNM is up 9% YTD, and the physical uranium ETF is up 12%. Stocks are always going to have higher volatility than the metal, and it really depends what investors are looking for. We are not 'concerned' here, and in a continued rally we would still expect URNM to outperform.
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