Australian Uranium Stocks Tipped to Go Higher -- Market Talk

Dow Jones
Jun 19

2350 GMT - Equity investors should consider an overweight position in uranium, according to Shaw and Partners. The broker names Paladin, NexGen, Silex, Bannerman and Boss Energy as its top picks among ASX-listed stocks. Shaw reckons the uranium price will strengthen over the rest of the year. It expects utilities to return to the market, giving "in to pent up demand." Paladin, Shaw says, "offers exceptional value after the market has overreacted to short term commissioning issues at Langer Heinrich." Shaw has a buy rating and A$10.10 target on the stock. Paladin ended Wednesday at A$7.56.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

June 18, 2025 19:50 ET (23:50 GMT)

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