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Investor Insights

This summary was created by AI, based on 9 opinions in the last 12 months.

The experts have differing opinions on NexGen Energy, with some expressing optimism about the growth in the uranium market and the company's potential to benefit from it, while others caution about its speculative nature and lack of cash flow. The company is pre-revenue, with a decent cash balance and equity position. Overall, the reviews highlight the potential opportunities and risks associated with investing in NexGen Energy.

Consensus
Mixed
Valuation
Fair Value
Similar
CCO, CCO-T
WEAK BUY
NexGen Energy

Alternative energy companies haven't done well. Whole uranium sector's been doing well. With the Russia-Ukraine conflict, Canadian uranium's at a premium. A secondary play, may end up doing well. He prefers CCO.

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RISKY
NexGen Energy

More of a a uranium developer with many large, undeveloped uranium deposits. They just got a permit in Saskatchewan to develop a mine there. The uranium market is growing tight; is a big uptick in electrical utility contracting for uranium to shore up supply. This mine will get built. Things look good, but the company is a little speculative and beyond his risk tolerance.

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DON'T BUY
NexGen Energy

Uranium has done well but the fast pace may slow down. Wage, materials and interest costs are up so you need to look ahead several years. Wait for a better entry level.

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COMMENT
NexGen Energy

Uranium is hot now and he likes commodities. Nuclear is the history of power. NXE looks overbought now after recently breaking out of its trading range. A high chance it will pull back to its neckline. That's fine as long as it doesn't keep falling.

0
DON'T BUY
NexGen Energy

Is no cash flow, but they're sitting on two monster uranium deposits in Saskatchewan. He likes uranium. The Fukushima disaster is behind us and mindsets are embracing nuclear energy again. This is likely a take-out target given their deposits. It's too speculative for him. They aren't producing and lack cash flow. That said, you can study this to see if there is value, given those deposits.

0
WAIT
NexGen Energy

He likes the uranium space a lot and feels it will do well.  He has sold some uranium stocks at a good profit. NexGen has not yet broken the lid so be neutral on the stock at this time. There are different levels of resistance.

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RISKY
NexGen Energy
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

NXE is a $2.7B company that is pre-revenue that operates in the exploration and development of uranium properties in Canada. It has a decent cash balance of $141.3M and an equity position of $481.9M. It does not generate free cash flow, and mostly issues shares and debt to fund its operations. It has performed well over the years, supported by a growing interest in nuclear energy. We like NXE as part of a play on nuclear energy, but would be mindful of its smaller size, that it is pre-revenue, and higher risks from the nuclear energy industry. 
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RISKY
NexGen Energy
NXE vs. CCO

Two very different beasts in the same industry. NXE will probably have the next project built in Canada. CCO is the granddaddy of traditional mining. Buy NXE if you're looking for the rerate, but with it comes risk. Doesn't see an issue getting fully financed, but then comes execution. Track record for things going according to plan is not great for mining. 

CCO is your best way to get exposure to uranium, which is undergoing a renaissance. Predictability, bit of a dividend, real upside from today's uranium price.

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BUY
NexGen Energy

Uranium is part of the materials sector. Seeing signs of improvement, though weakening broadly for a short-term pullback. Longer term, charts look great. With Ukraine-Russia conflict, one of the big suppliers has been taken out of the picture. Series of higher highs and higher lows, a new uptrend. Stocks globally have sold off, and jobs numbers tomorrow will be a big factor if selloff continues or if stocks hold in and start rallying.

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DON'T BUY
NexGen Energy
NXE vs. CCO He'd prefer CCO, as it's more mature. Outlook for uranium is quite positive, given war in Ukraine and energy bottlenecks. CCO is high quality, well run, efficient, pays a dividend.
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RISKY
NexGen Energy
NXE vs. CCO Uranium looks good, one of the sectors that's up on the year. Demand is strong, supply is getting tighter. CCO is institutional quality, anyone can invest in it. Good cycle in front of us. Whereas NXE is a much-earlier-stage company, so risks are higher. He owns both.
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DON'T BUY
NexGen Energy
NXE vs. CCO He'd lean towards CCO, go-to name, largest producer in the world. The large players attract more international interest. NXE is a small cap, it may not get as much interest, and so the valuation may not get as high. CCO valuation is a bit extended. Outlook for uranium is positive. He'd look at the Sprott U.UN, which is a direct play on uranium prices, rather than the producers.
0
BUY
NexGen Energy
NexGen vs. Fission He owns both Fission and NexGen. They're far from infrastructure in the Athabasca Basin and would be challenged if it wasn't for their deposits being large and of quality (and next to each other). They could get built as a pair. The Fission deposit is borderline-tier one deposit, whole Nexgen's is. The quality is so high is that if they're not built in the next cycle, they will get taken over.
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COMMENT
NexGen Energy

There's a big debate over nuclear energy, which can go either way. But what do you do with the uranium after it's used? We overweight the risks of nuclear--it's not as bad as environmentalists think, though what to do with the uranium after use is a real concern. The price of green energy and storage--batteries--will become cheaper than nuclear in the future. That lower cost is the tipping point that will green energy more affordable than nuclear--but we're not there yet.

0
WATCH
NexGen Energy

Uranium has been quite a volatile play. It has marched down to about $2.40 and then broke down further. This is an interesting area on the chart. You should look at CCO-T to get the direction in the area.

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Showing 1 to 15 of 76 entries

NexGen Energy(NXE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 7

Stockchase rating for NexGen Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

NexGen Energy(NXE-T) Frequently Asked Questions

What is NexGen Energy stock symbol?

NexGen Energy is a Canadian stock, trading under the symbol NXE-T on the Toronto Stock Exchange (NXE-CT). It is usually referred to as TSX:NXE or NXE-T

Is NexGen Energy a buy or a sell?

In the last year, 7 stock analysts published opinions about NXE-T. 5 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for NexGen Energy.

Is NexGen Energy a good investment or a top pick?

NexGen Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for NexGen Energy.

Why is NexGen Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is NexGen Energy worth watching?

7 stock analysts on Stockchase covered NexGen Energy In the last year. It is a trending stock that is worth watching.

What is NexGen Energy stock price?

On 2024-02-26, NexGen Energy (NXE-T) stock closed at a price of $9.46.