Forget Gold and Silver: This is the Metal to Buy in 2026 (And 3 Stocks to Play This Trend)

Core Viewpoint - The article suggests that uranium is the metal to invest in for 2026, highlighting significant price increases and strong performance of uranium stocks over the past year, particularly due to rising demand for energy from data centers and geopolitical factors [1]. Group 1: Uranium Market Overview - Uranium stocks have surged between 115% to 125% over the past year, driven by increased demand for power, particularly from data centers [1]. - The precious metals sector, including gold and silver, has seen substantial returns, but uranium is positioned as a potentially safer investment moving forward [1]. Group 2: Company Analysis - Cameco (CCJ): - Shares have increased over 125% in the past year, supported by strong commodity price growth and production output [1]. - The company reported over $300 million in adjusted EBITDA on approximately $615 million in revenue, indicating strong financial health [1]. - Cameco has a forward price-earnings ratio exceeding 100, reflecting investor confidence in uranium as a clean energy source [1]. - Energy Fuels (UUUU): - Stock price has risen more than 115% in the last year, benefiting from similar factors as Cameco [1]. - The company has achieved gross margins of 40%-50% through low-cost ISR mining operations [1]. - Energy Fuels is seen as a speculative investment but trades at a relative discount to NAV, with additional potential from its rare earths operations [1]. - Uranium Energy Corp. (UEC): - UEC stock has shown similar returns to its peers, with a forward cash flow multiple of around 10, making it one of the cheaper uranium investments [1]. - The company is positioned for potential profitability in 2027, with a narrowing loss expected in 2026 [1].