BUZZ-Jefferies flags improving uranium pricing, Australia's Paladin remains top pick
Reuters
Dec 04
BUZZ-Jefferies flags improving uranium pricing, Australia's Paladin remains top pick
** Jefferies says term contracting volumes for uranium surged in the last 6 weeks through November, erasing months of sluggish activity
** Brokerage highlights seasonal weakness into the holiday period and spot price bifurcation remains headwind into year-end, but not reflective of underlying uranium fuel cycle fundamentals
** Jefferies remains constructive on the sector's outlook for 1H2026 from supply security, production constraints and policy support
** Adds Paladin EnergyPDN.AX is preferred uranium exposure, while expectations on Boss EnergyBOE.AX remain subject to co's impending independent operational review outcomes
** Paladin up 12.2% and Boss down 30.5% so far this year, as of last close
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.