Summary
URNM Chart
URNM And URNJ: New Catalysts Will Enrich These ETFs (Upgrade)
I remain bullish on uranium ETFs URNM and URNJ, as they offer comprehensive exposure to the uranium mining industry and spot uranium. The global energy transition has highlighted nuclear power's necessity, with supply-demand imbalances and depleted mines driving uranium prices higher. Recent catalysts, including new reactor builds and policy shifts, reinforce the long-term investment case for uranium. Even the World Bank is now on board with funding nuclear energy projects.
Capital Raise Brings Next Leg Up For Uranium ETFs; URNM Is My Top Pick
Sprott's unexpected move signals a major reawakening of the physical market. This decision could have significant implications for the already tight uranium market. I believe this move reflects investors' confidence in underlying fundamentals and long-term growth potential.
URNM: The Demand For Uranium Continues To Grow
I remain bullish on the Sprott Uranium Miners ETF due to strong industry fundamentals, though I now rate it a buy after a 50+% recent run. URNM and URNJ offer the purest exposure to uranium miners, ETFs like URA and NLR include non-uranium holdings. Recent performance has been relatively good, with URNM up 35% over three years and outperforming uranium spot and contract prices since inception.
Sprott Uranium Miners ETF Dividends
 URNM 14 Dec 2023 Paid | Annual | $1.75 Per Share |
| URNM 28 Dec 2021 Paid | Other | $2.41 Per Share |
| URNM 28 Dec 2020 Paid | Other | $0.55 Per Share |
Sprott Uranium Miners ETF Earnings
| URNM 14 Dec 2023 Paid | Annual | $1.75 Per Share |
| URNM 28 Dec 2021 Paid | Other | $2.41 Per Share |
| URNM 28 Dec 2020 Paid | Other | $0.55 Per Share |
Sprott Uranium Miners ETF (URNM) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Sprott Uranium Miners ETF ever had a stock split?
Sprott Uranium Miners ETF Profile
| ARCA Exchange | US Country |
Overview
The fund outlined operates as an investment vehicle primarily focused on the uranium sector. It pledges to allocate a minimum of 80% of its total assets towards securities that are indexed based on companies engaged in uranium-related activities. This adherence emphasizes the fund's strategic intent to capitalize on the potential growth and return on investments within the uranium mining and associated industries. The underlying index aims to mirror the performance of entities that invest half or more of their resources into uranium mining, exploration, development, production, or in activities that uphold the uranium mining sector, including the possession of physical uranium or holding uranium royalties. Highlighting its targeted investment approach, the fund is classified as non-diversified, which suggests a concentrated investment strategy that could lead to significant exposure to the uranium industry's market dynamics.
Products and Services
The fund's investment portfolio is centered around two main areas within the uranium sector:
- Uranium Mining and Production Investments: This includes investments in companies dedicated to the mining, exploration, development, and production of uranium. The intention behind these investments is to generate returns through the engagement in the foundational aspects of the uranium supply chain. By focusing on companies that are directly involved in the extraction and processing of uranium, the fund seeks to benefit from the core operations that supply uranium for various applications, including energy generation.
- Supportive Investment in Uranium Industry: Aside from the direct mining activities, the fund also invests in entities that are involved in non-mining aspects yet are crucial to the uranium industry. These investments may include holding physical uranium, owning uranium royalties, or engaging in activities that buoy the mining sector. This broad approach allows the fund to diversify its portfolio within the specialized niche of uranium, providing exposure to different segments of the industry that contribute to its overall growth and stability.
Contact Information
