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.
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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.

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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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BUY
NexGen Energy

Must own this if you're in the urnanium space. Deposit is in an extremely remote part of the Athabasca basin. It's an enormous deposit and it's highly likely it will be developed. Be patient. Believes the price of uranium will rise with Chinese and maybe increased Japanese demand.

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COMMENT
NexGen Energy

Uranium market is structurally challenged. The problem at Fukushima changed the story for uranium. Uranium bounced after Cameco (CCO-T) decided to shut down one of their mines. However, they can bring it back on whenever they like.

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COMMENT
NexGen Energy

This is a speculation. An absolute world-class ore body in a previously barren part of the Athabascan Basin. You don’t need to worry about the uranium price in the near term, because this is not going to go into production in the near term. If you are patient with regards to uranium and with the production schedule, this stock is a must own for a speculator.

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WATCH
NexGen Energy

Lows are getting a little higher so there is a potential of a consolidation ending. A consolidation is great because it could mean a change in the outlook. If it breaks, good, otherwise he does not want to own it.

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COMMENT
NexGen Energy

Lower priced stocks are not traded by large institutions. They are typically traded by retail investors, and could be thrown around a lot more. As a technical person, it is harder to predict where it might go. You don’t want to see the floor of about $2.90 broken, because that could lead to a violent move down.

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BUY
NexGen Energy

He was attracted to the study they released today. The deposit is economic down to $25 Uranium. Most uranium in the world is not economic below $30.

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NexGen Energy(NXE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 6

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, 6 stock analysts published opinions about NXE-T. 4 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?

6 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 2023-05-29, NexGen Energy (NXE-T) stock closed at a price of $5.2.