09:39:03 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



NexGen Energy Ltd
Symbol NXE
Shares Issued 525,340,525
Close 2024-01-15 C$ 10.53
Market Cap C$ 5,531,835,728
Recent Sedar Documents

Globe says NexGen a top pick for Eight Cap's Singh

2024-01-16 08:19 ET - In the News

The Globe and Mail reports in its Tuesday, Jan. 16, edition that Eight Capital analyst Puneet Singh continues to call NexGen Energy his top pick. The Globe's David Leeder writes in the Eye On Equities column that Mr. Singh has reaffirmed his "buy" call on NexGen. Mr. Singh's share target soared $8 to $21. Analysts on average target the shares at $11.02. Mr. Singh thinks funds flow toward uranium companies is "starting to look more down-cap beyond Cameco, which was the clear first-mover, as these names have yet to fully price in the current price environment." He predicts "the takeout clock could start once NexGen is fully financed in 2024." Mr. Singh says in a note: "2023 was a banner year for NexGen as it secured its provincial EA approval, showed investors are ready to finance the project before full permit receipts through raising $110-million (U.S.) in debentures, and noted that it had $1-billion (U.S.) (entirety of upfront capex) in interest on the debt side to finance Rook 1. We anticipate that 2024 will also be a milestone-heavy year. We believe it will get federal approvals sometime in H1/24. Post-federal approvals, we'd expect NexGen to look to secure financing for Rook I."

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