Streetbeat News

NXE

NexGen Energy Ltd.

https://www.nexgenenergy.ca

Industry

Uranium

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan. The company is headquartered in Vancouver, Canada.

Open

7.45

Mkt cap

4.2B

Volume

8.8M

High

7.45

P/E Ratio

61.50

52-wk high

8.88

Low

7.21

Div yield

N/A

52-wk low

4.95

CAVA Group reported strong Q2 results, beating earnings and sales estimates, leading to a 17% stock price increase. Other stocks like Bilibili, Workday, and Roku also saw gains due to upgrades and positive earnings.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 2:22 pm

NexGen Energy (NYSE:NXE) reported a Q2 EPS of $(0.01), beating the analyst estimate of $(0.03) by 66.67%. This marks a 66.67% improvement over the same period last year.

Portfolio Pulse from totan@benzinga.com

August 07, 2024 | 9:58 pm

Scotiabank analyst Orest Wowkodaw maintains a Sector Outperform rating on NexGen Energy but lowers the price target from C$13.5 to C$12.5.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:15 pm

NexGen Energy (NYSE:NXE) has announced that the construction costs for its Rook I uranium project in Saskatchewan have increased by nearly 70%, now totaling $1.6 billion. Operating costs are also projected to nearly double. Despite these increases, the project remains one of the largest and lowest-cost uranium mines globally. The project has received provincial environmental approval and is awaiting federal review.

Portfolio Pulse from Stjepan Kalinic

August 02, 2024 | 1:59 pm

NexGen Energy Ltd. has updated the economic estimates for its Rook I Project, revising the capital cost to $1.58 billion USD. The project is expected to generate an average annual after-tax net cash flow of C$1.93 billion in the first five years, with a consistent mine life and production capability of up to 30 million pounds of U3O8 annually. The updated costs reflect inflationary changes and advancements in engineering and procurement.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:18 pm

The article discusses potential Russian retaliation against the U.S. following a Ukrainian attack using American-supplied missiles. It highlights the geopolitical risks and suggests a hedged portfolio method to protect investments. The article mentions several stocks that performed well using this method in the past.

Portfolio Pulse from David Pinsen

June 26, 2024 | 3:28 pm

NexGen Energy's Rook I Project is advancing as the Canadian Nuclear Safety Commission (CNSC) reviews the final Environmental Impact Statement (EIS). The CNSC has started a 60-day technical review, after which a Federal Commission Hearing date will be set. NexGen is ready to commence major construction upon receiving the remaining approvals.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:37 am

NexGen Energy's stock is trading lower following the announcement of a binding term sheet with MMCap International Inc. for the acquisition of 2,702,410 pounds of natural uranium concentrate at a cost of $250 million.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:53 pm

NexGen Energy has entered into a binding term sheet with MMCap International Inc. for the purchase of 2,702,410 pounds of natural uranium concentrate at a cost of $250 million. This strategic acquisition secures a significant amount of uranium, indicating NexGen's commitment to expanding its resource base and potentially increasing its market value.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:36 am

The U.S. Senate approved a ban on Russian enriched uranium, aiming to reduce reliance on Russian nuclear fuel and boost North American uranium miners. President Biden is expected to sign the bill, which could lead to higher uranium prices and increased domestic production. Cameco Corp. (CCJ) and other miners like NexGen Energy Ltd. (NXE) and Madison Metals Inc. (MMTLF) view this as positive for the industry. Utilities like Constellation Energy Corp. (CEG) and Duke Energy Corp. (DUK) have prepared by securing diverse uranium supplies. The ban, effective 90 days post-law enactment, includes waivers until 2028 for certain situations.

Portfolio Pulse from Matt Whittaker

May 03, 2024 | 7:54 pm

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