Stifel initiated coverage of NexGen Energy (NXE) with a Buy rating and C$16 price target as the firm rolled out coverage on four uranium companies. NexGen’s Rook 1 project holds strategic significance as a construction-ready, high-margin, long-life, technically de-risked asset in a “premier mining jurisdiction that should attract M&A interest and command a premium valuation in the market,” the analyst tells investors.
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