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Model output · Signal date 2026-10-16

Nexgen Energy Ltd. (NXE) Stock Forecast Oct. 16, 2026

Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE

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Rating · 90D ▲ Bullish Exact rating locked
90-day forecast Sign up free to reveal
30-day forecast Total
Rank in coverage Top 35% of 5172 stocks scored
Rank correlation · 90D 6.0% Spearman, 357 dates
Market Cap $5.52B mid-cap · #2 of 10 peers
Summary

Nexgen Energy Ltd. (NXE) stock forecast summary

Our AI ranks Nexgen Energy Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

Nexgen Energy Ltd. is a mid-cap company with a market capitalization of $5.52B. It ranks number 2 by market capitalization among the 10 Miscellaneous Metal Ores issuers in our coverage with a current forecast.

For NXE, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 6.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 9.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.0%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

A free account shows the exact forecast, rating and rank of 3 tickers you follow, NXE included.

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Price

NXE price chart and AI forecast

NXE
Cross-section · 2026-10-16

How NXE ranks among 5172 stocks

90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2025-12-31

Nexgen Energy Ltd. (NXE) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Miscellaneous Metal Ores peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).

Valuation & Market

MetricNXEIndustry medianRank
Market Cap $5.52B $441M 2/10
EPS $-0.58 – –
FCF/Share $-0.16 – –

Profitability & Margins

MetricNXEIndustry medianRank
ROIC -20.1% -4.3% 6/7

Financial Health

MetricNXEIndustry medianRank
Current Ratio 1.82x 2.15x 6/10
Working Capital $377M $52M 3/9

Cash Flow

MetricNXEIndustry medianRank
Operating Cash Flow -$103M -$7M 8/9
Free Cash Flow -$110M -$91M 5/6
Capital Spending -$7M -$16M 2/6

Income Statement

MetricNXEIndustry medianRank
Operating Income -$265M -$7M 7/7

Dividend & Shareholder Information

MetricNXEIndustry medianRank
Shares Outstanding 660M – –

Balance Sheet Highlights (USD millions, converted from CAD)

Total Current Assets$836M
Accounts Receivable$2M
Total Liabilities$467M
Short-term Debt$430M
Quarterly Financial Reports

NXE quarterly financials and insider trading

Industry Peers · Miscellaneous Metal Ores

Nexgen Energy Ltd. (NXE) industry peers

Companies classified under the same SEC industry code as Nexgen Energy Ltd. (Miscellaneous Metal Ores): 12 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Total) Market Cap P/E Ratio P/B Ratio
NXE Nexgen Energy Ltd. ▲ $5.52B – –
CCJ Cameco Corp ▶ $35.50B 40.8x –
UEC Uranium Energy Corp ▲ $3.92B – 2.9x
DNN Denison Mines Corp. ▲ $2.06B – –
IPX Iperionx Ltd ▲ $571M – –
NMG Nouveau Monde Graphite Inc. ▶ $311M – –
NUCL Eagle Nuclear Energy Corp. ▶ $154M – –
FNUC Frontier Nuclear & Minerals Inc. ▲ $16M – –
FMST Foremost Clean Energy Ltd. ▲ $8M – –
GLNS Golden Star Resource Corp. ▼ $6M – –
ELRE Yinfu Gold Corp. ▼ N/A – –
RITE Mineralrite Corp ▼ N/A – –

Where NXE sits on the market map

Energy & Transportation · Miscellaneous Metal Ores
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News

Nexgen Energy Ltd. (NXE) stock news

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FAQ

Nexgen Energy Ltd. (NXE) stock forecast FAQ

What is the Nexgen Energy Ltd. (NXE) stock forecast?

Our AI ranks Nexgen Energy Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

How accurate are Nexgen Energy Ltd. stock predictions?

For NXE, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 6.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 9.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Nexgen Energy Ltd. forecasts updated?

Nexgen Energy Ltd. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.

Which companies are Nexgen Energy Ltd.'s industry peers?

12 issuers in our coverage, NXE included, share the SEC industry code Miscellaneous Metal Ores. The largest are: Cameco Corp (CCJ), Uranium Energy Corp (UEC), Denison Mines Corp. (DNN), Iperionx Ltd (IPX), Nouveau Monde Graphite Inc. (NMG), Eagle Nuclear Energy Corp. (NUCL).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.