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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Read More on NXE:
- NexGen Energy Advances Rook I Project with CNSC Hearing Dates
- NexGen Energy receives CNSC Commission hearing dates for Rook I Project
- NexGen Energy price target lowered to C$12 from C$14.50 at Scotiabank
- NexGen Energy to Host 2024 Year-End Conference Call with Key Project Updates
- Unusually active option classes on open February 28th
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