Scotiabank cuts NexGen Energy stock target to CAD 20.00

Published on 10/17/2026 at 21:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NexGen Energy expects its next results on November 4, 2026. NexGen Energy stock last traded at CAD 11.82 on October 16, 2026, down 2.48 percent on the TSX.

Analyst and calendar update

Scotiabank lowered its NexGen Energy target from CAD 22.00 to CAD 20.00 on October 13, 2026.
NexGen Energy expects its next earnings release on November 4, 2026.
NexGen Energy stock last traded at CAD 11.82 on October 16, 2026, down 2.48 percent versus the TSX prior close of CAD 12.12.
NexGen Energy had a CAD 7.9 billion market capitalization and a negative P/E of 21.12 on October 16, 2026.

NXE, CA65340P1062, Illustration mit AI erstellt.

Scotiabank lowered its price target for NexGen Energy from CAD 22.00 to CAD 20.00 on October 13, 2026, according to The Globe and Mail. The cut leaves the target 69.20 percent above the TSX price of CAD 11.82 on October 16, 2026.

NexGen Energy expects its next earnings release on November 4, 2026, according to Zacks. The scheduled report covers the quarter ending September 2026, with the consensus estimate at a negative USD 0.04 per share.

Cash and project spending

NexGen Energy held CAD 756.17 million in cash and equivalents at the end of the second quarter of 2026. Operating cash flow was negative CAD 10.01 million in that quarter, while net income attributable to common shareholders was CAD 74.55 million and diluted earnings per share were negative USD 0.02.

Price position near the yearly low

The TSX price of CAD 11.82 on October 16, 2026 stood 37.49 percent below the 52-week high of CAD 18.91 and 14.09 percent above the 52-week low of CAD 10.36. Trading volume reached 3,357,132 shares against an average of 1,819,227 shares on the same date.

Valuation and November date

NexGen Energy had a market capitalization of CAD 7.9 billion and a negative P/E of 21.12 on October 16, 2026. The company is advancing its Rook I uranium project in Saskatchewan, while its investor materials describe construction, exploration and uranium sales agreements as central parts of the business.

Comparison with peers on October 16, 2026

NexGen Energy: minus 2.48 percent, P/E minus 21.12, market capitalization CAD 7.9 billion

Cameco (TSX, CAD): minus 2.39 percent, P/E 141.02, market capitalization CAD 50.2 billion

Denison Mines (TSX, CAD): minus 3.88 percent, P/E minus 10.42, market capitalization CAD 2.9 billion

Trading frame for NXE

NexGen Energy last traded at CAD 11.82 on the TSX on October 16, 2026 at 4:00 p.m. ET, down 2.48 percent versus the prior close of CAD 12.12 on October 15, 2026. The next scheduled earnings date gives the market a defined calendar point after the Scotiabank target reduction.