5 Best Uranium Stocks to Buy Now

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In this article we discuss the 5 best uranium stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Best Uranium Stocks to Buy Now.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s take a look at the best uranium stocks to buy now:

5. BHP Group (NYSE: BHP)

Number of Hedge Fund Holders: 23    

BHP Group (NYSE: BHP) is an Australia-based global resources company founded in 1885. It is ranked fifth on our list of 10 best uranium stocks to buy now. The stock has returned more than 48% to investors over the course of the past twelve months. The group has a diverse range of interests in mining, with stakes in oil, gas, copper, silver, zinc, and uranium, among other resources. In 2020, the uranium production of BHP was 3,678 metric tons of payable metal in concentrate.

BHP Group (NYSE: BHP) is a solid option for dividend investors as the firm pays a regular and healthy dividend. On March 1, the company declared an ADS interim dividend of $2.02 per share. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in BHP Group (NYSE: BHP) with 7.9 million shares worth more than $553 million. 

In its Q1 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and BHP Group (NYSE: BHP) was one of them. Here is what the fund said:

“Our purchase of Australian mining company BHP is an example of a quality company at a moderate valuation that should deliver attractive long-term returns. We believe the market has undervalued its enduring competitive advantage due to its low cost iron and copper mining operations which has allowed the company to deliver consistent profits and cash flows across the inevitable ups and downs of the global metals cycle. While the variability of commodity prices prevents BHP from scoring in the top ranks of measured quality, we are willing to bear some of that uncertainty in return for a more attractive valuation given the company’s strong business fundamentals.”

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