6 ASX Stocks to Watch in February 2026: Uranium, Gold, Banks and Healthcare Lead the Way

February 2026 is shaping up as a pivotal month for ASX investors. Gold has smashed through $5,100 per ounce for the first time, uranium stocks are riding nuclear energy momentum, and major companies are reporting earnings. Here are six stocks positioned at the centre of themes driving markets right now.

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Paladin Energy (ASX:PDN) – Uranium’s Flagship Producer

Paladin has been a standout performer, up around 14% in the first trading week of 2026. The uranium producer operates the Langer Heinrich Mine in Namibia, benefiting from US legislation banning Russian uranium imports until 2040 and utilities like Duke Energy filing for new reactor applications.
With shares near $13.84 and a market cap exceeding $6 billion, strong growth expectations are priced in. For uranium exposure, Paladin offers operational scale smaller explorers cannot match.

Boss Energy (ASX:BOE) – Domestic Production Ramp

Boss Energy provides a different uranium angle through its Honeymoon project in South Australia, with FY26 production guidance at 1.6 million pounds of uranium oxide. The company is targeting cash flow positive status this year, an important milestone for a recently restarted operation.
At around $1.58, Boss trades at a significant discount to Paladin, which may appeal to investors comfortable with execution risks of a ramping producer. The 30% stake in Texas’s Alta Mesa project adds geographic diversification.

Northern Star Resources (ASX:NST) – Gold’s Bull Run Beneficiary

Northern Star hit an all-time high of $28.77 on 21 January as gold surged past $5,100 per ounce. Australia’s largest gold producer reports half-year results around 11-12 February.

Gold’s record run, driven by geopolitical uncertainty and central bank buying, provides a favourable backdrop. However, at current valuations much near-term optimism appears priced in. Gold bulls get scale and quality, but a pullback could create more attractive entry points.

The Bottom Line

These six stocks capture February’s key themes: uranium’s structural bull run, gold’s record territory, healthcare resilience, and financial sector earnings tests. Each holds leadership positions offering thematic exposure without the binary risks smaller players carry.