And that comes at the same time as a “pickup in industrial activity on a global basis and the requirement for additional electricity,” Young said.
Russia and China are among those building up their uranium programs, while the U.S. recently approved the first two nuclear reactors in years.
“If nothing else, those two reactors ... could improve the sentiment around the nuclear story here in North America,” Young said.
Both analysts said if you want to put uranium into your portfolio, buy shares of Cameco, which Young called the world's largest producer and “the easiest, safest way to play” the mineral. He also favors another company, Uranerz Energy.
Goldie said another way to get into uranium is through Uranium Participation Corp.
Additional News: Greek Deal, Inflation Risks May Provide Catalysts for Precious Metals
Additional Views: Precious Metals Slammed in Dash for Cash ______________________________
CNBC Data Pages:
______________________________
Disclosures:
Neither Anthony Young nor his company own shares of the companies mentioned. Raymond Goldie does not own shares but he has written on the companies for Salman.
Disclaimer