Top uranium stocks to watch: A guide for Singapore traders and investors

Uranium stocks offer Singapore traders and investors access to one of the most intriguing commodities markets in 2026. This guide explores the leading uranium companies worldwide, explains the key market dynamics and shows you exactly how to start trading and investing in these stocks through IG Singapore.

Source: Bloomberg

Written by

Kelvin Ong

Financial writer

Reviewed by

Palesa Vilakazi

Financial Writer

Published on: 2025-07-23T18:03:34+0100

Key takeaways

Uranium stocks are shares of companies involved in the uranium supply chain, including exploration, mining, development, and nuclear technology. While no uranium companies are listed on the Singapore Exchange, IG Singapore clients can still trade or invest in major global uranium stocks.
The uranium market is experiencing a fundamental shift, with supply constraints, growing demand, strategic stockpiling, and reduced Russian exports creating potential trading opportunities across the uranium supply chain.
Top uranium stocks to watch include Cameco Corporation (NYSE: CCJ), Paladin Energy (ASX: PDN), NexGen Energy (TSX: NXE), Boss Energy (ASX: BOE), and Energy Fuels (NYSE: UUUU). Each offer a balance of stability, growth potential, and diversification that may appeal to Singapore traders.

What are uranium stocks?

Uranium stocks represent companies involved in finding, mining and processing uranium – the fuel that powers nuclear reactors worldwide. With nuclear energy providing about 10% of global electricity¹, these stocks offer exposure to a critical energy sector.

These companies typically fall into four categories:

Exploration companies
Mining producers
Development companies
Nuclear technology companies

While no uranium companies are listed on the Singapore Exchange, IG Singapore clients can easily trade major global uranium stocks from Canada, Australia and the US via IG Singapore's CFD trading platform, or invest directly in the stocks via the newly launched IG Markets Singapore app.

The uranium supply-demand picture

The uranium market is experiencing a fundamental shift:

Supply constraints: Many mines closed during the last price downturn. Production is only now starting to recover, creating a significant supply gap².
Growing demand: Over 60 new nuclear reactors are under construction globally, mostly in Asia³.
Strategic reserves: Countries are stockpiling uranium for energy security, adding pressure to the market.
Reduced Russian exports: Western sanctions have limited access to Russian uranium, which previously accounted for about 14% of global supply.

This imbalance creates potential opportunities for Singapore traders and investors across the uranium supply chain.

A brief history of uranium price

Uranium has experienced four major market cycles:

1970s: Oil crisis drives reactor construction and uranium demand
2000s: Prices surge from $10/lb to $140/lb (2003-2007)⁴
2011-2018: Fukushima accident creates prolonged bear market
2020-present: Prices triple to $80/lb amid supply constraints⁵

Common misconceptions about uranium stock trading and investing

When considering uranium stocks, it's important to separate facts from fiction.

Myth: Uranium stocks are just like other commodities

Reality: Unlike oil or gold, uranium has unique market characteristics. Most uranium is sold through long-term contracts, not the spot market, creating distinct price discovery mechanisms not seen in other commodity markets⁶.

Myth: Nuclear accidents always devastate uranium stocks

Reality: While accidents like Fukushima did cause market downturns, the industry has shown resilience. Despite initial setbacks after 2011, global nuclear capacity continues to grow.

Myth: Renewable energy will replace nuclear power

Reality: Most energy scenarios from institutions like the International Energy Agency include roles for both renewables and nuclear power, with their complementary characteristics supporting future energy grids⁷.

Top 5 uranium stocks to watch

Uranium prices rose above US$80 per pound at the end of October 2025, up 35% year-to-date.1 Investors and traders are closely watching uranium shares amid rising global nuclear demand. This list includes high-liquidity producers, speculative developers, and royalty-based models to suit a range of strategies.

Long-term investors may prefer Cameco, NexGen, and Paladin for their production visibility, stable balance sheets, and exposure to global nuclear expansion.
Short-term traders may prefer Denison Mines and Uranium Royalty Corp (UROY) for their price sensitivity, news-driven volatility, and diversified leverage to uranium spot prices.

Company

Latest share price*

Share price change in 2025*

Available for CFD trading with IG?

Available for investing with IG Markets Singapore app?

Cameco Corporation

US$96.93

+85.9%

✔

Paladin Energy

AU$8.46

+7.2%

✔

NexGen Energy

CA$12.43

+18.2%

✔

Denison Mines Corp

US$2.72

+31.0%

✔

Uranium Royalty Corp

US$3.95

+68.2%

✔

_{*As of November 2025}

1. Cameco Corporation (NYSE: CCJ)

About the company: Cameco Corporation is the world’s largest publicly traded uranium producer, accounting for approximately 17% of global supply as of 2022.2 It operates major assets in Canada’s Athabasca Basin and holds a strategic stake in Westinghouse Electric, giving it exposure across the nuclear fuel cycle.2

Latest earnings: In Q3 2025, Cameco reported adjusted net earnings of CA$32 million and adjusted EBITDA of CA$310 million. Revenue totaled CA$614.6 million, down year-over-year due to lower volumes.

Stock outlook: Cameco shares have a ‘buy’ consensus from 14 analysts, with a 12-month price target of CA$133.84, implying a 6.6% downside from current levels. Analysts highlight its long-term contracts and strategic positioning in the global nuclear supply chain.