#4 - NexGen Energy (NYSE:NXE)
NexGen Energy Ltd. (NYSE: NXE) is an exploration and development stage company headquartered in Vancouver, Canada. The company is a pre-revenue company. However, it holds 100% interest in the Rook 1 project.
This is a proposed uranium mine and mill development in the southwestern Athabasca Basin in Saskatchewan. It's also where the company identified its Arrow Deposit approximately 10 years ago. NexGen has recently identified the discovery of "new intense uranium mineralization" in a 100%-owned area near the Arrow Deposit.
Finding "another Arrow" was one of the company's goals for 2024. NexGen has plans for five new projects to be found, permitted, financed, and constructed in the next 20 years.
Once the company begins production, it expects to mine 20 million pounds of uranium annually, which will be enough to cover 50% of the West's supply needs.
NXE stock is up 78% in the last 12 months, and the consensus price target of 13 analysts is $10 which is 32.34% higher than its price on March 12, 2024. Additionally, 12 14 analysts give the stock a Strong Buy rating.
About NexGen Energy
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
Read More - Current Price
- $6.96
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
