Scotiabank sees positive outlook for uranium market, recommends select stocks

Bank of Nova Scotia

22/08/2025 13:01

** Scotiabank says it views the new 2026 guidance range provided by the world's largest uranium producer Kazatomprom KZAP.KZ overall as potentially positive for the uranium market

** "However, we await a more definitive outlook to be released," says brokerage

** Brokerage says it continues to recommend exposure to uranium/nuclear-based stocks on improving fundamentals driven by the Western agendas of decarbonization, energy independence, and power security

** Scotiabank recommends Cameco Corp CCO.TO for investors looking for the lowest risk exposure

** For investors looking for more torque and have a higher risk tolerance, brokerage recommends project developers Denison Mines Corp DML.TO and NexGen Energy NXE.TO

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))