Nexgen Energy Ltd (NYSE:NXE) is included among the 12 Best Nuclear Energy Stocks to Buy Now
On January 15, 2026, Raymond James raised its price target on Nexgen Energy Ltd (NYSE:NXE) to C$17 from C$14 while maintaining an Outperform rating. The adjustment came as part of the firm’s broader mining sector update. While Raymond James reiterated that it continues to favor copper within the base metals complex due to expected medium- to long-term supply deficits, the higher target on NexGen signaled growing confidence in uranium-linked names.
Attention has increasingly centered on regulatory milestones at NexGen’s flagship Rook I project. Part 1 of the Canadian Nuclear Safety Commission hearing was held on November 19, 2025, with Part 2 scheduled for February 9 through February 13, 2026. Following the completion of these sessions, the Canadian Nuclear Safety Commission is expected to issue an approval decision, a key step in determining the project’s path toward development.
Based on feasibility studies, Rook I is estimated to contain well over 200 million pounds of U3O8, giving it the scale that only a few undeveloped uranium projects have. NexGen has described the asset as one of the most strategic uranium deposits globally, a characterization that has kept the stock on investor watchlists as permitting and regulatory decisions approach.
Nexgen Energy Ltd (NYSE:NXE) is a Canada-based uranium developer advancing its flagship Rook I Project toward large-scale production. The wholly owned property hosts several high-grade discoveries, including the Arrow deposit, South Arrow, Harpoon, Bow, and the Cannon area.
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