Canadian uranium stocks run the gamut from junior uranium start ups to senior uranium dividend-payers.  In a previous post I wrote about the largest Canadian uranium stocks by market capitalization (that was back in September 2009).  It’s worth an update now, because Canada’s uranium stocks have grown quite significantly since then.

List of Canadian energy and materials stocks

List of Canadian Uranium Stocks

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Canadian uranium stocks are currently benefiting from a surge in Chinese demand for uranium.  China is currently trying to quadruple the size of its nuclear sector, and Canadian uranium is a strategic part of this plan.  China currently operates 11 reactors, but has 28 more under construction.

Cameco (TSX: CCO) -

Cameco is the Potash Corp. (TSX: POT) of uranium.  Book value is $12.33/share, market cap is now 16.6 billion (compared with 11.9 billion two years ago), Beta is just 0.98 and there’s a nominal 0.66% dividend yield.  Not too bad.  If you want uranium exposure you might as well start here.  The P/E is a bit steep at 34, but for a dividend payer with operating margins of over 34%, perhaps it is worth it.

Uranium One (TSX: UUU) -

Currently trading around $6.15, this is the second largest uranium play in Canada.  Market cap is 3.8 billion, current P/E ratio is 20.7x.  There’s no dividend.

Denison Mines Ltd. (TSX: DML) -

Denison is now up to a 1.4 billion market cap – quite the climb from just two years ago.  Currently has an operating margin of negative 15.71%.  You can get in on it at just $4.06 a share.  But do your research, since Denison is expected to produce less uranium in 2011 – which doesn’t seem to be a good sign, given all the demand from China.  Pays no dividend.

Uranium Participation Corporation (TSX: U) -

Here’s one company that’s making an upward climb.  Share price is now $8.99, up gradually from two years ago.  EPS growth hasn’t changed over 5 years, but the market cap is now just shy of 1 billion.  Not bad.  There’s no dividend.

UEX Corporation (TSX: UEX) -

Formed in 2002, and Canadian-owned, UEX develops uranium deposits in the Athabasca basin and has just embarked upon its Hidden Bay drilling program.  Market cap is 473 million.  Pick some of these up for just $2.35 a share.  No dividend, of course.

First Uranium Corporation (TSX: FIU) -

First Uranium has lost market share over the past two years and is now down to just a 208 million market cap.  The 5-yr earnings per share growth is negative 31%, and the operating margin is negative 39%.  FIU still may not be a bad play for those who know what they are doing, but it’s not a no-brainer stock, either.  Then again, if the uranium sector starts booming, the tide could lift all boats.  That said, the chart is one that only Sisyphus could love.  Share price is now just $1.10.

Now, check out these Canadian Lithium Mining Stocks and learn about Investing in Rare Metals

Canadian Uranium Stocks Outlook

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Canadian uranium stocks are well positioned going forward for at least the next couple of decades.  As the U.S., especially, begins searching for cleaner sources of energy, the balance will start tipping back in uranium’s favor.  It might not happen in the immediate short term, but long term it is clear that there are not going to be many other options.  Canada is blessed with a wealth of natural resources that the world needs.  Uranium is one of these.

And did you know?  Uranium already provides (just!) 16% of the world’s electricity.  Perhaps the bull market in uranium hasn’t even begun.

Or just park your money in some Canadian dividend stocks while you wait on the sidelines.

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Tagged as: Cameco, Canada, Canadian, Canadian stocks, Denison Mines, energy, First Uranium, materials, metals, nuclear energy, resources, uranium, Uranium One, Uranium Participation Units, uranium stocks, yellow cake