Scotiabank cuts target to CAD 20.00 for NexGen Energy stock
Published on 10/20/2026 at 19:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Scotiabank cut its NexGen Energy target from CAD 22.00 to CAD 20.00 on October 13, 2026.
- Cash stood at CAD 756.2 million on June 30, 2026.
- NexGen Energy stock costs EUR 7.58 at Lang & Schwarz on October 20, 2026 at 7:38 p.m. CEST, 1.47 percent above the Frankfurt close of October 19, 2026.
- MarketBeat estimates the third-quarter results for November 3, 2026.
NexGen Energy (ISIN CA65340P1062) faced a Scotiabank target cut to CAD 20.00 from CAD 22.00 on October 13, 2026, in an update carried by The Globe and Mail. The stock was trading at EUR 7.58 at Lang & Schwarz on October 20, 2026 at 7:38 p.m. CEST, up 1.47 percent versus the Frankfurt close of October 19, 2026 at EUR 7.47.
Cash supports Rook I
NexGen held CAD 756.2 million in cash at June 30, 2026, according to FNE. The company is developing the Rook I uranium project in Saskatchewan and had started licensed construction in June 2026, keeping project execution and funding at the center of the equity story.
Price sits above Frankfurt close
The euro quotation was 1.47 percent above the Frankfurt close of October 19, 2026. On the NYSE, NexGen last traded at USD 8.52 on October 20, 2026 at 1:41 p.m. ET. The same quote placed the stock between its USD 7.33 52-week low and USD 13.96 52-week high, while market capitalization stood at USD 5.7 billion.
Valuation and next date
The NYSE quote carried a negative price-to-earnings ratio of -21.41 and no dividend yield on October 20, 2026. NexGen remains a development-stage uranium company rather than a producing miner, so the June cash position is more informative than revenue for the current operating profile.
MarketBeat estimates third-quarter 2026 results for November 3, 2026, after the market closes, with a conference call scheduled for November 4, 2026 at 4:00 p.m. ET. That date gives investors the next scheduled checkpoint for cash use, construction progress and project financing.
Comparison with peers
On October 20, 2026, NexGen Energy stood at USD 8.52, with a 1.60 percent price-to-earnings ratio of -21.41 and market capitalization of USD 5.7 billion. Cameco (TSX, CAD): down 0.56 percent, price-to-earnings ratio 138.39, market capitalization CAD 49.3 billion. Uranium Energy (NYSE, USD): up 0.32 percent, price-to-earnings ratio -28.21, market capitalization USD 3.9 billion.
Stock quote after hours
NexGen combines a large uranium development project with a cash balance of CAD 756.2 million and a scheduled results date in November. Its analyst target remains materially above the company stock's euro quotation, but the next report will provide the clearest update on construction spending and financing needs. The further course of trading is shown by the continuously updated real-time quote of NexGen Energy stock.
NexGen Energy market facts
- Company: NexGen Energy Ltd.
- ISIN: CA65340P1062
- Ticker: NXE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 7:38 p.m. CEST): EUR 7.58
- Change versus Frankfurt close: plus 1.47 percent
- Frankfurt close (October 19, 2026): EUR 7.47
- Market capitalization: USD 5.7 billion (as of October 20, 2026)
- 52-week range: USD 7.33-13.96 (as of October 20, 2026)
- Sector / Industry: Energy / Uranium
Market context: Market report S&P/TSX Composite.
