Uranium Now 'Hottest' in Resources

Source:

"Any investors who don't have uranium exposure are betting against the market and, in my view, that's a bad bet," RBC Capital Markets analyst Chris Lancaster told his company's uranium conference in Sydney.

Despite huge share price gains in the past year, uranium stocks have been deemed the "single hottest pick in the entire resources sector" by an analyst from the investment bank which first predicted the commodity's price would hit $US100 a pound.

"Any investors who don't have uranium exposure are betting against the market and, in my view, that's a bad bet," RBC Capital Markets analyst Chris Lancaster told his company's uranium conference in Sydney.

He predicted the uranium price would rise beyond its current record level of $US113 a pound.

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