As of September 27, 2026, Sprott Uranium Miners ETF (URNM) trades at $49.13. RSI at 25 is in oversold territory, and the price is below its 50-day average of $53.27.
Sprott Uranium Miners ETF (URNM)
Sprott Uranium Miners ETF NYSE
Sprott Uranium Miners ETF (URNM) is an exchange-traded fund designed to offer targeted exposure to companies involved in the uranium industry and physical uranium linked to nuclear power. The fund typically invests at least 80% of its assets in securities from the VettaFi Global Uranium Mining Index, encompassing miners engaged in mining, exploration, development, and production, as well as companies providing supporting activities. URNM's strategy focuses on providing concentrated access to the global uranium value chain through a single listed product, playing a specialized role in the market by offering exposure to a commodity-linked equity theme tied to nuclear energy supply chains.
Recent performance indicates a strong rebound, with a 1-month return of 17.13% and a Year-to-Date return of 3.65%, suggesting positive momentum building within the uranium sector. Despite a recent dip in its 3-month return (-7.09%), the longer-term trailing returns show significant strength, with 1-year (14.00%), 3-year (17.80%), 5-year (16.55%), and 10-year (16.55%) returns outperforming its category in most periods, highlighting its potential for sustained growth.
URNM Price Analysis
Market Metrics
URNM Fund Facts
Sprott Uranium Miners ETF is an exchange-traded fund that provides targeted exposure to companies involved in the uranium industry and to physical uranium linked to nuclear power. Sprott Uranium Miners ETF seeks to track the VettaFi Global Uranium Mining Index, and it typically invests at least 80% of its total assets in the index’s securities.
Sector weights
Trailing returns vs category
| Period | URNM | Category |
|---|---|---|
| YTD | 3.65% | 17.99% |
| 1 month | 17.13% | 5.51% |
| 3 months | -7.09% | 5.28% |
| 1 year | 14.00% | 68.30% |
| 3 years | 17.80% | 16.21% |
| 5 years | 16.55% | 11.05% |
| 10 years | N/A | 11.07% |
Fund reference data as of Sep 27, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
URNM Analysis
At an RSI of 24.68, URNM is significantly oversold, indicating a potential short-term buying opportunity. The ETF is trading below its 20-day, 50-day, and 200-day simple moving averages, with values of 52.49, 53.27, and 60.64 respectively, suggesting a strong downtrend. The MACD is at -1.41, further reinforcing the bearish momentum in the short term. The Stochastic indicator at 5.13 also points to oversold conditions.
The current price of 49.13 is significantly below its 50-day SMA (53.27) and 200-day SMA (60.64), highlighting substantial downward pressure. However, the oversold RSI status suggests that a technical bounce could be imminent. Investors should monitor key support and resistance levels closely, as the current technical picture indicates high volatility and potential for a reversal if buying pressure increases.
- Consider URNM as a tactical act on the uranium sector's recovery, leveraging its current oversold technical status.
- Monitor global energy policies and nuclear power initiatives, as these are key drivers for uranium demand.
- Be aware of the high concentration risk within the Energy sector and the potential for significant volatility.
The outlook for Sprott Uranium Miners ETF (URNM) is cautiously optimistic, driven by the potential for increased demand for nuclear energy as a clean power source and ongoing supply constraints in the uranium market. While the ETF is currently in an oversold technical state, this could present a favorable entry point for investors anticipating a sector recovery. The fund's strong long-term performance against its category suggests resilience and effective capture of sector-specific growth.
Over the next 6-12 months, URNM's performance will likely depend on global energy policy shifts, developments in nuclear reactor construction, and any significant changes in uranium supply or geopolitical stability. A sustained increase in uranium prices would directly benefit the underlying holdings and, consequently, the ETF's value. Investors should be prepared for continued volatility, given the specialized nature of the uranium market and the ETF's concentrated holdings.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
How does any other asset move with URNM? One year of daily closes, Pearson correlation.
Key Statistics
| Yield | 0.00% |
|---|---|
| Day High | $49.51 |
| Day Low | $48.62 |
| 52 Week High | 84.95 |
| 52 Week Low | 46.82 |
Sprott Uranium Miners ETF (URNM) is heavily concentrated in the Energy sector, holding 98.22% of its assets, with a small allocation to Basic Materials (1.78%). This concentration reflects the fund's focus on uranium mining and related activities, which are predominantly classified under energy commodities. The fund's strategy is to provide direct exposure to the uranium value chain, making it sensitive to global energy policies, nuclear power demand, and uranium supply dynamics.
With net assets totaling $2.20 billion and an expense ratio of 0.75%, costing $75.00 per $10,000 invested, URNM offers a focused approach to a niche commodity sector. Its asset allocation is primarily in stocks (86.15%), with 13.63% in other assets, indicating a standard structure for a sector-specific ETF. The fund's performance against its category, particularly its strong 1-year, 3-year, and 5-year trailing returns, suggests that its focused strategy has been effective in capturing sector-specific growth opportunities.
Earnings & Growth Analysis
Its performance is intrinsically linked to the earnings trends of the underlying uranium mining companies it holds. The sector's earnings are influenced by the price of uranium, which is driven by global energy demand, government policies on nuclear power, and supply-side constraints. Positive trends in nuclear energy adoption and potential supply disruptions could lead to higher uranium prices, thereby boosting the profitability and earnings of URNM's constituents.
The fund's strong trailing returns, especially over 3 and 5 years, suggest that the companies within its portfolio have generally experienced favorable earnings environments or have strong growth prospects. Investors should monitor macroeconomic factors affecting energy prices and geopolitical events influencing nuclear power initiatives, as these will directly impact the earnings potential of the companies held by URNM.
Key Risks
The primary risk for URNM is its high sector concentration in Energy (98.22%), making it vulnerable to significant downturns if the uranium market experiences a sharp decline. Geopolitical risks associated with nuclear energy policy and uranium mining operations in various global regions also pose a considerable threat. Also, the ETF's technical indicators show it is currently oversold, which, while presenting a potential buying opportunity, also signals considerable downward price pressure and volatility.
Technical Indicators
| RSI (14) | 24.68 |
|---|---|
| MACD | -1.41 |
| SMA 50 | 53.27 |
| SMA 200 | 60.64 |
URNM Trade Plans
Specific entry, exit, and risk management levels
Long entry pick an entry style
Risk Management
Profit Targets (Based on Conservative Entry)
Growth of $10,000
A $10,000 investment in URNM in December 2019 would be worth about $38,952 today, compared with about $24,766 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in URNM today could grow to about $35,658 by 2036 in the base case, with a bull case near $237,959 and a bear case around $5,343. Projections are statistical simulations, not guarantees.
URNM ETF Price Prediction: 2030
CleaRank's simulation projects a price near $81.70 for URNM by 2030 in the base case, from $49.13 today (1.7x over 4 years). The downside path ends near $24.60. These are outcomes of a Monte Carlo simulation run on URNM's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $30.61 | $55.79 | $102 |
| 2028 | $27.11 | $63.35 | $148 |
| 2029 | $25.44 | $71.94 | $203 |
| 2030 | $24.60 | $81.70 | $271 |
| 2031 | $24.24 | $92.77 | $355 |
| 2032 | $24.22 | $105 | $458 |
| 2033 | $24.44 | $120 | $586 |
| 2034 | $24.88 | $136 | $742 |
| 2035 | $25.48 | $154 | $934 |
| 2036 | $26.25 | $175 | $1,169 |
Method: 10,000 simulated price paths using URNM's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. URNM is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.