Highlights

  • Scotiabank increases NexGen Energy’s price target from CAD 12.00 to CAD 14.00.
  • Stifel Nicolaus and TD Securities raise targets and maintain Buy ratings.
  • Average analyst rating for NexGen Energy is Buy with a CAD 14.03 consensus target.

NexGen Energy Ltd (TSE:NXE) has seen multiple price target adjustments from research analysts in recent months. Scotiabank upgraded its target from CAD 12.00 to CAD 14.00 in a report released on Tuesday, indicating a potential upside of 2.49% from the current stock price.

Other brokerages have also revised their outlooks:

  • Stifel Nicolaus increased its price target from CAD 16.00 to CAD 17.00, maintaining a Buy rating as of September 26th.
  • TD Securities adjusted its target from CAD 11.00 to CAD 12.00 and reaffirmed a Buy rating on August 8th.
  • National Bankshares raised its target from CAD 12.00 to CAD 14.00 and assigned an Outperform rating on September 24th.

Among analysts covering the stock, one has given a Strong Buy rating, while four have issued a Buy rating. MarketBeat reports that the average rating for NexGen Energy is Buy, with a consensus price target of CAD 14.03.

Company Profile
NexGen Energy Ltd is a mineral exploration company focused on uranium properties in Canada. Its portfolio includes the Rook I, Radio Property, and IsoEnergy projects, located in the Athabasca Basin. The Rook I property hosts the Arrow Zone and the Bow discovery, both considered significant uranium deposits. The company’s activities include acquisition, exploration, evaluation, and development of these properties, reflecting its strategic focus on high-grade uranium resources in one of the world’s prominent uranium-producing regions.