Seeking Alpha
Long/short equity, deep value, special situations, growth at reasonable price
Profile| Send Message|
( followers)  

Here are some facts about uranium:

1. It is about 70% more dense than lead.

2. It occurs naturally in low concentrations in most rocks and water.

3. It has the highest atomic weight of the naturally occurring elements.

4. It was discovered in 1789 and named after the planet Uranus.

5. Its radioactive properties were uncovered in 1896.

6. It was first used as a fuel in the nuclear power industry in 1934.

7. One kilogram of uranium-235 can theoretically produce about as much electricity as 1500 tons of coal.

The following companies are involved in the uranium industry in some way, however, for some of the larger companies, uranium is a small part of their business. All these companies trade either on the New York Stock Exchange, the American Stock Exchange or NASDAQ.

  • BHP Billiton (NYSE:BHP) is an Australian company which mines and produces uranium, along with numerous other minerals and natural resources such as aluminium, base metals, diamonds, coal, iron ore, manganese, and petroleum. The stock has a P/E of 19, a PEG of 2.36, and a yield of 1.30%.

  • Cameco (NYSE:CCJ) is a Canadian company that develops and produces uranium around the world. The stock has a P/E of 36, and a yield of 0.60%.

  • Denison Mines Corp. (NYSEMKT:DNN) is a Toronto, Ontario company that develops and produces uranium, oil and gas, diamonds, gold, copper, cobalt, lead, nitrate, silver, vanadium, phosphate, iodine, sulphate, and zinc. The stock has a P/E of 34.

  • Rio Tinto plc (RTP) is British-based company that mines and produces uranium, aluminum, copper, coal, diamonds, gold, borax, nickel, zinc, lead, silver, potash, alumina, gypsum, molybdenum, sulphuric acid, and titanium. The stock has a P/E of 22, a PEG of 0.65, and a yield of 1.30%.

  • Uranerz Energy Corp. (NYSEMKT:URZ) is a Vancouver, Canada-based company which explores for and develops uranium properties. It has leases, options, and claims in Wyoming, Saskatchewan, Canada, Mongolia and Texas. The stock has recently generated negative earnings. This is a very low cap stock and should therefore be considered very speculative.

  • US Energy Corp. (NASDAQ:USEG) is a Wyoming-based company that explores for and develops uranium, molybdenum, gold, lead, zinc, silver, and oil and gas. The stock has a P/E of 1.05. This is a very low cap stock and should therefore be considered very speculative.

  • USEC Inc. (NYSE:USU) is a Maryland-based company that supplies low enriched uranium for commercial nuclear power plants. The stock has a P/E of 11, and a PEG of 1.0.

  • If you think that the future of the uranium industry looks grim, then maybe you should check out some green stocks, such as solar energy stocks and wind power stocks.

    Disclosure: The author does not own any of the above.

    Source: Seven Uranium Stocks to Fuel Your Portfolio