Aussie uranium miners climb after Trump signs orders to boost industry

Shares of uranium miners Boss Energy BOE.AX, Deep Yellow DYL.AX and Paladin Energy PDN.AX rise between ~9% and ~11%, among the top gainers on the benchmark ASX200 index .AXJO

U.S President Donald Trump on Friday signed executive orders seeking to jumpstart the nuclear energy industry

Jefferies says that the signings mark the most aggressive U.S. intervention in the industry in decades

Brokerage sees the U.S. nuclear capacity could grow, raising U3O8 demand to 55–60 million pounds per year by 2035

Citi also notes that new orders may nearly double U.S.-driven global uranium demand

Jefferies ups price target for BOE, DYL and PDN

YTD, BOE up 78.6%, DYL up 22.7% while PDN down 16.7%