Uranium Bull Returns?

By Murray Dawes, Friday, 29 August 2025

Cameco has cut uranium production forecasts which put a rocket under the uranium sector. It looks like the bull market has returned and there are a few stocks looking ready to run.

Friday saw a huge spike in uranium stocks after Cameco [TSX:CCO] lowered production guidance.

They lowered 2025 production guidance to 14–15 million pounds from 18 million pounds.

That was enough to inspire an across the board jump in uranium stocks which is a good sign that the market is close to being in balance again.

The uranium price has been creeping higher over the last month after a serious correction occurred in 2024.

But the long-term chart is still trending up.

Next leg up in uranium begins

Fat Tail Investment Research

Source: TradingEconomics.com

If uranium can head above US$80/lb in the short-term, it could start running hard.

Callum and I have a look at a few of the stocks that are looking interesting in the uranium sector.

We also discuss markets in general as the bull market steps up another gear.

Earnings season has had a few stocks implode on bad results, but there have also been some star performers.

Retail stocks have been a bright spot with Harvey Norman [ASX:HVN], AP Eagers [ASX:APE], Temple and Webster [ASX:TPW], Nick Scali [ASX:NCK], and Lovisa Holdings [ASX:LOV] all impressing the market.

So it looks like the consumer is opening their wallets again as interest rates start to fall.

It is a good sign that the bull market is evolving and can continue to run.

So grab a cup of tea and a Tim Tam, sit back and enjoy another instalment of Closing Bell. Be sure to give us a ‘like’ on the YouTube version and leave us a comment if you want us to look at a stock for you.

Regards,

Murray Dawes,
Retirement Trader and International Stock Trader

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

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Murray Dawes is our resident expert trader and portfolio manager. He is a former Sydney Futures Exchange floor trader who went on to design custom trading systems and strategies for ultra-wealthy clients (including one of Australia’s richest families). Today, his mission is to help ordinary Aussie investors make profitable investments, while expertly managing risk.

He uses his proprietary system for his more conversative and longer-term-focused service Retirement Trader…and then applies the same system to the ultra-speculative end of the Australian market in Fat Tail Microcaps (this service is strictly limited and via invitation only).

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.