NexGen Energy Expectations for 2026 | Price, Valuation & Forecast

NexGen Energy

TSX:NXE

C$ 15,33

C$-0,85 (-5,25%)

15,33 C$

C$-0,85 (-5,25%)

End-of-day quote: 03/26/2026

NexGen Energy Stock Value

The analyst rating for TSX:NXE is currently Buy.

Buy

NexGen Energy Company Info

EPS Growth 5Y

14,38%

Market Cap

C$10,13 B

Long-Term Debt

C$0,08 B

Short Interest

5,33%

Quarterly earnings

05/06/2026

Dividend

C$0,00

Dividend Yield

0,00%

Founded

2011

Industry

Energy

Country

Canada

ISIN Number

CA65340P1062

Website

http://www.nexgenenergy.ca

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$20,00

30.46%

Last Update: 03/26/2026

Analysts: 15

Highest Price Target C$30,00

Average Price Target C$20,00

Lowest Price Target C$18,00

In the last five quarters, NexGen Energy’s Price Target has risen from C$8,36 to C$13,64 - a 63,16% increase. Seven analysts predict that NexGen Energy’s share price will increase in the coming year, reaching C$20,00. This would represent an increase of 30,46%.

Top growth stocks in the energy sector (5Y.)

What does NexGen Energy do?

NexGen Energy Ltd. (‘NexGen’) engages in uranium development and exploration. NexGen is a British Columbia corporation focused on developing into production the 100% owned Rook I Project (the ‘Rook I Project’), located in the southwestern Athabasca Basin of Saskatchewan, Canada. The company discovers uranium deposits and is involved in the development of projects from discovery to production. NexGen also owns a portfolio of highly prospective uranium properties in the southwestern Athabasca Bas...

NexGen Energy Ltd. (‘NexGen’) engages in uranium development and exploration.

NexGen is a British Columbia corporation focused on developing into production the 100% owned Rook I Project (the ‘Rook I Project’), located in the southwestern Athabasca Basin of Saskatchewan, Canada. The company discovers uranium deposits and is involved in the development of projects from discovery to production. NexGen also owns a portfolio of highly prospective uranium properties in the southwestern Athabasca Basin of Saskatchewan, Canada.

NexGen’s land package consists of the SW1, SW2, and SW3 properties. The Rook I Project is located within the broader Rook I property. The Rook I property consists of thirty-two (32) contiguous mineral claims totaling 35,065 hectares, and comprises a portion of SW2.

The company has further advanced critical path procurement activities for the Rook I Project, as well as the FEED and critical path detailed engineering.

Permitting, Regulatory, and Engagement

On February 12, 2024, NexGen received the results of the Canadian Nuclear Safety Commission (‘CNSC’) technical review of the company’s responses to Federal information requests received on the Draft Environmental Impact Statement (the Federal ‘EIS’) through the Federal Environmental Assessment (the Federal ‘EA’) review process. On May 21, 2024, the company submitted responses to the remaining information requests from the CNSC’s February 12, 2024, correspondence, along with a revised Federal EIS. The CNSC concluded its completeness check of NexGen’s May 21, 2024, submission on June 21, 2024.

On November 19, 2024, the CNSC confirmed the completion of the Federal technical review of NexGen’s May 21, 2024, submission, stating that the company’s responses to all information requests received through the Federal technical review process had been accepted, and that the information provided by the company fully addressed the regulatory requirements for the Federal EA.

On January 28, 2025, the CNSC announced its acceptance of the Federal Final EIS. The next and final step in the Federal approval process is scheduling a Commission hearing date for the Rook I Project, subject to which the CNSC will render an approval decision on the Rook I Project.

Exploration

On March 11, 2024, the company announced the discovery of new intense uranium mineralization on its 100% owned Rook I property, 3.5 kilometers (‘km’) east of the Arrow Deposit. The new mineralized occurrence in RK-24-183 is located on a previously untested conductor segment of Patterson Corridor East (‘PCE’). Localized uranium mineralization was intersected for 19.8 m between 347.7 and 367.5 m, with counts per second (cps) ranging from <500 to >61,000, as measured with a handheld RS-125 spectrometer.

On May 29, 2024, the company announced an additional discovery of mineralization in RK-24-193 at PCE over 67.5 m between 383.5 and 451.0 m. Additionally, assay results from RK-24-183 reflected two narrow, mineralized veins with best intervals of 10% U3O8 over 0.5 m at 348.0 m, and 6.23% U3O8 over 0.5 m at 356.5 m, respectively.

On August 8, 2024, NexGen announced the expansion of the mineralized zone at PCE to include a total of eight drill holes intersecting mineralization, four of which intersected off-scale (>61,000 cps) high-grade uranium mineralization, as measured with a handheld RS-125 spectrometer. These included RK-24-183, -197, -202, and -207. The high-intensity style mineralization is indicative of exceptional formation conditions similar to those found in the significant orebodies within the Athabasca Basin. The mineralized signature is expressed as analogous to other orebodies within the Athabasca Basin, with localized veins (up to off-scale >61,000 cps) within elevated radioactivity that extends over more than 100 m.

On November 12, 2024, NexGen completed the 2024 exploration program with over 34,000 m drilled and an expanded mineralized footprint. Included within the results was the best hole to date at PCE, RK-24-222, that intersected a 17.0 m wide interval with multiple high intensity (>61,000 cps) occurrences.

Subsequent to December 31, 2024

On January 30, 2025, NexGen announced the commencement of a 43,000 m exploration drill program to continue to test the extents and growth of mineralization discovered in early 2024 at PCE. This systematic program represents an increase of 9,000 m from the 2024 program and is expected to be one of the largest drill programs in the Athabasca Basin, Saskatchewan, in 2025.

The Rook I Project

On February 22, 2021, the company announced positive results from the Feasibility Study for the Rook I Project.

The Rook I Project is located in northwest Saskatchewan, approximately 40 km east of the Alberta–Saskatchewan border, 150 km north of the town of La Loche, and 640 km northwest of the city of Saskatoon. The Rook I Project can be accessed via all-weather gravel Highway 955, which travels north-south approximately 8 km west of the Arrow Deposit. From Highway 955, a 13 km long all-weather, single-lane road provides access to the western portion of the Rook I Project, including the Arrow Deposit area.

The Rook I Project is covered by boreal forest common to the Canadian Shield. Bedrock outcrops are very rare, but are known to exist in areas of the eastern half of the project area.

As of December 31, 2024, all 32 contiguous mineral claims comprising the Rook I property, a total of 35,065 ha, are in good standing with expiry dates between June 2040 and June 2043, and are all registered in the name of NexGen.

The Rook I Project is located on provincial Crown land; as the owner, the Province of Saskatchewan can grant surface rights under the authority of the Forest Resources Management Act and the Provincial Lands Act.

History

NexGen Energy Ltd. was founded in 2011.

NexGen Energy Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main sector:** Uranium mining and production **TOP 3 markets:** 1. **North America:** approx. 45% 2. **Europe:** approx. 30% 3. **Asia (especially China and India):** approx. 25% NexGen Energy Ltd. is mainly engaged in uranium mining, with the majority of revenues coming from the sale of uranium...

At which locations are the company’s products manufactured?

**Production Site:** Rook I Project, Saskatchewan, Canada NexGen Energy Ltd. operates its main production at the Rook I Project, located in the province of Saskatchewan, Canada. This project is known for its high-grade uranium deposits and is situated in the Athabasca Basin, one of the world's...

What strategy does NexGen Energy pursue for future growth?

**Revenue Growth:** Estimated 20% annually (2025, based on industry forecasts) **Capital Investments:** Over 1 billion USD for the Rook I project (2025) NexGen Energy Ltd. is pursuing a growth strategy that heavily focuses on the development and expansion of its flagship project, Rook I. This proj...

Which raw materials are imported and from which countries?

**Main Commodity:** Uran NexGen Energy Ltd. primarily focuses on the exploration and development of uranium projects, particularly the Rook I project in the Athabasca Basin region, Canada. As the company operates mainly in Canada and has significant uranium deposits there, it does not import substa...

How strong is the company’s competitive advantage?

**Market share in the uranium sector:** Estimated 10% (2025) **Projected production volume:** 21 million pounds U3O8 annually (from 2025) NexGen Energy Ltd. has a significant competitive advantage in the uranium sector, mainly due to the high-grade Arrow project in the Canadian province of Saskatc...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 60% (estimated for 2025) **Insider Purchases:** No significant purchases in 2025 **Insider Sales:** Moderate in 2025 The institutional investor share in NexGen Energy Ltd. is estimated to be around 60%, indicating a strong confidence from institutional invest...

What percentage market share does NexGen Energy have?

**Market share of NexGen Energy Ltd.:** Estimate: 5-7% (2025) **Main competitors and their market shares:** 1. **Cameco Corporation:** 15-18% 2. **Kazatomprom:** 12-15% 3. **Orano:** 10-12% 4. **Uranium Energy Corp.:** 8-10% 5. **Denison Mines Corp.:** 5-7% 6. **NexGen Energy Ltd.:** 5-7% 7. **Pala...

Is NexGen Energy stock currently a good investment?

**Uranium Production Expectation:** 21.7 million pounds per year (from 2026) **Projected EBITDA:** $1.15 billion annually (from 2026) **Project Progress:** 80% completion of the Rook I project (2025) NexGen Energy Ltd. is a leading company in the field of uranium exploration and production. NexGen&...

Does NexGen Energy pay a dividend – and how reliable is the payout?

**Dividend payment:** None (As of 2025) NexGen Energy Ltd. currently does not pay a dividend. The company is focusing on the development and expansion of its uranium projects, especially the flagship project Rook I in the Canadian province of Saskatchewan. As NexGen Energy is in the exploration an...

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NexGen Energy Stock Value

NexGen Energy Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does NexGen Energy do?

NexGen Energy Questions and Answers

Offer & Services

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Company & Legal

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Explore

NexGen Energy Stock Value

NexGen Energy Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does NexGen Energy do?

NexGen Energy Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.