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    NexGen Energy (NXE)

    Market Price (8/1/2026): $9.17 | Market Cap: $6.1 BilSector: Energy | Industry: Coal & Consumable Fuels

    NexGen Energy (NXE)

    Market Price (8/1/2026): $9.17
    Market Cap: $6.1 Bil
    Sector: Energy
    Industry: Coal & Consumable Fuels

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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    Megatrend and thematic drivers
    Megatrends include Energy Transition & Decarbonization. Themes include Nuclear Fuel Supply, and Nuclear Power Generation.

    Very low revenue
    Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

    Not profitable at operating income level
    Op Inc LTMOperating Income, Last Twelve Months is -98 Mil

    Yield minus risk free rate is negative
    ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%

    Key risks
    NXE key risks include [1] potential delays, Show more.

    0 Megatrend and thematic drivers
    Megatrends include Energy Transition & Decarbonization. Themes include Nuclear Fuel Supply, and Nuclear Power Generation.
    1 Very low revenue
    Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
    2 Not profitable at operating income level
    Op Inc LTMOperating Income, Last Twelve Months is -98 Mil
    3 Yield minus risk free rate is negative
    ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%
    4 Key risks
    NXE key risks include [1] potential delays, Show more.

    Valuation & Metrics

    FYE: 12/31NXE [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$0.0 Mil—
    FY 2026 Sales$1.0 Mil—
    FY 2027 Sales$2.2 Mil—
    FY 2026 Sales Growth——
    FY 2027 Sales Growth131.4%12.9%
    EARNINGS
    LTM Net Income (GAAP) [3]$-414.8 Mil—
    FY 2026 Net Income (Non-GAAP)$-193.7 Mil—
    FY 2027 Net Income (Non-GAAP)$-137.5 Mil—
    FY 2027 Net Income Growth—19.7%
    FY 2026 EPS (Non-GAAP)$-0.33—
    FY 2027 EPS (Non-GAAP)$-0.23—
    FY 2027 EPS Growth——
    VALUATION
    FY 2026 P/S6,239.61.8
    FY 2027 P/S2,696.9—
    FY 2026 P/E—8.4
    FY 2027 P/E——

    [1] NXE forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
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    AI Analysis | Feedback

    MetricValueDateSource
    Total Contracted Sales Volumes10,000,000+ pounds of uranium8072025Link
    Land Package Size190,000+ hectares9302025Link
    Measured Mineral Resources (Rook I Project)209.6 million pounds of U3O82222021Link
    Indicated Mineral Resources (Rook I Project)47.1 million pounds of U3O82222021Link
    Inferred Mineral Resources (Rook I Project)80.7 million pounds of U3O82222021Link
    Local Employment Rate82%6162025Link
    Reclaimed Land from Exploration Activities83%6162025Link
    Number of Mineral Claims (Rook I Project)3211102023Link

    Price Chart

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    No Events

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 7/1/2026

    NexGen Energy (NXE) stock has lost about 25% since 4/30/2026 because of the following key factors:

    1. Significant Q1 2026 Earnings Miss.

    NexGen Energy (NXE) reported its fiscal Q1 2026 earnings on May 5, 2026, posting an earnings per share (EPS) of -$0.17, which significantly missed analysts' consensus expectations of -$0.04 by 335.00%. This substantial earnings miss, a company-specific event, likely contributed to negative investor sentiment and a decline in the stock price during the period.

    2. Decoupling of Uranium Equities from Rising Commodity Prices.

    Despite long-term uranium contract prices reaching an 18-year high of $94/lb (C$132.34) by the end of June 2026, uranium mining equities, including junior miners like NexGen Energy, experienced a significant downturn. Uranium mining equities collectively fell 3.9% in the first half of 2026, with junior miners seeing a more pronounced 7.4% decline in H1 2026 and June losses of 17.5%. This broad-market "equity-commodity gap," driven by broader market sentiment rather than a weakening in uranium supply or demand, impacted NXE's performance as investors focused on execution risk and long-term utility contract pricing rather than near-term commodity moves.

    Show more
    Updated on 7/1/2026

    NexGen Energy (NXE) stock has lost about 25% since 4/30/2026 because of the following key factors:

    1. Significant Q1 2026 Earnings Miss.

    NexGen Energy (NXE) reported its fiscal Q1 2026 earnings on May 5, 2026, posting an earnings per share (EPS) of -$0.17, which significantly missed analysts' consensus expectations of -$0.04 by 335.00%. This substantial earnings miss, a company-specific event, likely contributed to negative investor sentiment and a decline in the stock price during the period.

    2. Decoupling of Uranium Equities from Rising Commodity Prices.

    Despite long-term uranium contract prices reaching an 18-year high of $94/lb (C$132.34) by the end of June 2026, uranium mining equities, including junior miners like NexGen Energy, experienced a significant downturn. Uranium mining equities collectively fell 3.9% in the first half of 2026, with junior miners seeing a more pronounced 7.4% decline in H1 2026 and June losses of 17.5%. This broad-market "equity-commodity gap," driven by broader market sentiment rather than a weakening in uranium supply or demand, impacted NXE's performance as investors focused on execution risk and long-term utility contract pricing rather than near-term commodity moves.

    3. Substantial Insider Selling.

    Over the past 90 days, insider selling in NexGen Energy has been significant, totaling approximately CAD 44.5 million (over USD 5 million). This trend was dominated by substantial divestments from multiple executives and directors, occurring shortly after the company's Q1 2026 earnings report in early May 2026. Such large-scale insider selling can signal a lack of confidence from company leadership and often puts downward pressure on stock prices.

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    Stock Movement Drivers

    Fundamental Drivers

    The -27.2% change in NXE stock from 4/30/2026 to 7/31/2026 was primarily driven by a -3.2% change in the company's Shares Outstanding (Mil).
    (LTM values as of)43020267312026Change
    Stock Price ($)12.579.15-27.2%
    Change Contribution By: 
    Total Revenues ($ Mil)000.0%
    P/S Multiple∞∞0.0%
    Shares Outstanding (Mil)640661-3.2%
    Cumulative Contribution0.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    4/30/2026 to 7/31/2026
    ReturnCorrelation
    NXE-27.2% 
    Market (SPY)3.9%60.4%
    Sector (XLE)-0.2%-30.4%

    Fundamental Drivers

    The -27.2% change in NXE stock from 1/31/2026 to 7/31/2026 was primarily driven by a -13.3% change in the company's Shares Outstanding (Mil).
    (LTM values as of)13120267312026Change
    Stock Price ($)12.579.15-27.2%
    Change Contribution By: 
    Total Revenues ($ Mil)000.0%
    P/S Multiple∞∞0.0%
    Shares Outstanding (Mil)573661-13.3%
    Cumulative Contribution0.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    1/31/2026 to 7/31/2026
    ReturnCorrelation
    NXE-27.2% 
    Market (SPY)8.3%57.1%
    Sector (XLE)17.4%-16.3%

    Fundamental Drivers

    The 36.4% change in NXE stock from 7/31/2025 to 7/31/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
    (LTM values as of)73120257312026Change
    Stock Price ($)6.719.1536.4%
    Change Contribution By: 
    Total Revenues ($ Mil)000.0%
    P/S Multiple∞∞0.0%
    Shares Outstanding (Mil)569661-13.9%
    Cumulative Contribution0.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2025 to 7/31/2026
    ReturnCorrelation
    NXE36.4% 
    Market (SPY)19.2%47.3%
    Sector (XLE)39.8%-2.7%

    Fundamental Drivers

    The 86.4% change in NXE stock from 7/31/2023 to 7/31/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
    (LTM values as of)73120237312026Change
    Stock Price ($)4.919.1586.4%
    Change Contribution By: 
    Total Revenues ($ Mil)000.0%
    P/S Multiple∞∞0.0%
    Shares Outstanding (Mil)485661-26.5%
    Cumulative Contribution0.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2023 to 7/31/2026
    ReturnCorrelation
    NXE86.4% 
    Market (SPY)68.9%43.4%
    Sector (XLE)48.8%19.7%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    NXE Return58%1%58%-6%39%1%238%
    Peers Return51%6%811%-2%47%-15%1666%
    S&P 500 Return27%-19%24%23%16%9%98%

    Monthly Win Rates [3]
    NXE Win Rate75%50%75%50%58%43% 
    Peers Win Rate53%40%67%48%63%34% 
    S&P 500 Win Rate75%42%67%75%67%43% 

    Max Drawdowns [4]
    NXE Max Drawdown-37%-45%-28%-40%-46%-37% 
    Peers Max Drawdown-28%-35%-30%-38%-44%-44% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: NC, EU, CCJ, NXE, UEC.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 7/31/2026 (YTD)

    How Low Can It Go

    EventNXES&P 500
    2025 US Tariff Shock
      % Loss-31.4%-18.8%
      % Gain to Breakeven45.8%23.1%
      Time to Breakeven45 days79 days
    2024 Yen Carry Trade Unwind
      % Loss-27.9%-7.8%
      % Gain to Breakeven38.7%8.5%
      Time to Breakeven70 days18 days
    2023 SVB Regional Banking Crisis
      % Loss-23.8%-6.7%
      % Gain to Breakeven31.2%7.1%
      Time to Breakeven49 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-26.6%-24.5%
      % Gain to Breakeven36.3%32.4%
      Time to Breakeven206 days427 days
    2020 COVID-19 Crash
      % Loss-50.5%-33.7%
      % Gain to Breakeven101.8%50.9%
      Time to Breakeven25 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-31.1%-19.2%
      % Gain to Breakeven45.2%23.8%
      Time to Breakeven714 days105 days

    Compare to NC, EU, CCJ, NXE, UEC

    In The Past

    NexGen Energy's stock fell -31.4% during the 2025 US Tariff Shock. Such a loss loss requires a 45.8% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventNXES&P 500
    2025 US Tariff Shock
      % Loss-31.4%-18.8%
      % Gain to Breakeven45.8%23.1%
      Time to Breakeven45 days79 days
    2024 Yen Carry Trade Unwind
      % Loss-27.9%-7.8%
      % Gain to Breakeven38.7%8.5%
      Time to Breakeven70 days18 days
    2023 SVB Regional Banking Crisis
      % Loss-23.8%-6.7%
      % Gain to Breakeven31.2%7.1%
      Time to Breakeven49 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-26.6%-24.5%
      % Gain to Breakeven36.3%32.4%
      Time to Breakeven206 days427 days
    2020 COVID-19 Crash
      % Loss-50.5%-33.7%
      % Gain to Breakeven101.8%50.9%
      Time to Breakeven25 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-31.1%-19.2%
      % Gain to Breakeven45.2%23.8%
      Time to Breakeven714 days105 days
    2013 Taper Tantrum
      % Loss-24.2%-0.2%
      % Gain to Breakeven32.0%0.2%
      Time to Breakeven1261 days1 days

    Compare to NC, EU, CCJ, NXE, UEC

    In The Past

    NexGen Energy's stock fell -31.4% during the 2025 US Tariff Shock. Such a loss loss requires a 45.8% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About NexGen Energy (NXE)

    NexGen Energy Ltd. (NXE) is a Canadian exploration and development company focused on the uranium sector. The company's core business involves the acquisition, evaluation, and advancement of uranium properties, with the ultimate goal of bringing these projects into production. Its primary asset is the Rook I project, a substantial land package comprising 32 contiguous mineral claims totaling 35,065 hectares, located in the geologically significant southwestern Athabasca Basin of Saskatchewan, Canada.

    While the company is currently in the development stage, its main "product" will be uranium, a critical fuel source for nuclear power plants globally. NexGen Energy aims to serve the international nuclear energy market, with its primary customers being utility companies and other entities that operate nuclear reactors and require a secure and consistent supply of uranium to generate electricity.

    AI Analysis | Feedback

    The next Cameco.

    Like a development-stage Cameco.

    AI Analysis | Feedback

    • Uranium Property Acquisition: Identifying and acquiring mineral claims with potential for uranium deposits.
    • Uranium Exploration: Conducting geological surveys and drilling to discover and delineate uranium resources.
    • Uranium Property Evaluation: Assessing the technical and economic feasibility of extracting uranium from discovered deposits.
    • Uranium Property Development: Advancing discovered uranium resources towards potential future production.

    AI Analysis | Feedback

    Based on the provided company description, NexGen Energy Ltd. is an "exploration and development stage company." This means the company is currently focused on acquiring, exploring, evaluating, and developing uranium properties, primarily its Rook I project. As such, it is not yet in the production phase and therefore does not have major customers for uranium sales.

    Exploration and development stage companies typically do not generate revenue from product sales but rather incur expenses related to advancing their projects. Their funding often comes from equity financing, debt, or strategic partnerships, not from product customers.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Leigh R. Curyer Chief Executive Officer and Director

    Mr. Curyer is the founder, President & Chief Executive Officer of NexGen Energy Ltd.. He has over 20 years of experience in the resources and corporate sector. Prior to founding NexGen, he was the Chief Financial Officer and Head of Corporate Development for Southern Cross Resources (now Uranium One). He also served as Head of Corporate Development for Accord Nuclear Resource Management, where he assessed uranium projects worldwide for First Reserve Corporation, a global energy-focused private equity and infrastructure investment firm. Mr. Curyer has raised over $1 billion in equity in North America, the US, Europe, and Australia.

    Benjamin Salter Chief Financial Officer

    Mr. Salter is an experienced Chartered Professional Accountant (CPA, CA) with over 15 years of experience in various industries, focusing on the energy and commodities sectors. He previously held the role of NexGen's Vice President, Finance. Before joining NexGen, Mr. Salter held multiple positions at Methanex Corporation, where he managed a team responsible for financial reporting, internal controls, and global budgeting.

    Travis G. McPherson Chief Commercial Officer

    Mr. McPherson is a Canadian-born entrepreneur with over 15 years of experience in the global natural resources sector. He joined NexGen in early 2014 and has played a key role in the company's growth, including raising $1.5 billion in equity and structuring strategic financings, as well as creating IsoEnergy Ltd. He began his career in investment banking at Haywood Securities Inc. and later moved to the owner's side in gold mining and development in Latin America.

    Graeme Johnson Chief Project Officer

    Mr. Johnson possesses more than 30 years of international experience in the mining and metals industry across Australia, Africa, and Canada. He is a proven leader with extensive experience in engineering, project management, community relations, and permitting. His career started in a brown coal-fired power station, followed by over a decade with a global smelting technology company before transitioning into leadership roles with major EPCM firms and top mining operators in copper and gold.

    Troy Boisjoli Vice President, Operations & Project Development

    Mr. Boisjoli holds the position of Vice President, Operations & Project Development at NexGen Energy Ltd..

    AI Analysis | Feedback

    The key risks to NexGen Energy (NXE) are primarily associated with its status as an exploration and development stage company focused on bringing its principal asset, the Rook I project, into production.

    1. Project Execution and Funding Risk

    NexGen Energy, being a pre-revenue company, faces substantial risks related to the execution and funding of its Rook I project. The project has a significant pre-production capital cost of C$2.2 billion, and the company has incurred substantial net losses due to aggressive development spending. While NexGen recently secured the final Canadian Nuclear Safety Commission (CNSC) license for construction, initiating in summer 2026, there remains a risk of capital cost overruns, schedule slippage, and the ongoing need for sizeable equity and convertible financings, which could lead to further dilution for existing shareholders.

    2. Uranium Price Volatility

    The economic viability and future profitability of NexGen's Rook I project are highly sensitive to the volatility of uranium prices and foreign exchange rates. Although the uranium market has shown strength, sustained high prices are crucial for the project to deliver its projected returns. Any significant downturn in uranium prices could materially adversely affect the company's financial condition, results of operations, and the valuation of its assets.

    3. Environmental and Regulatory Compliance Risk

    Uranium exploration, development, and mining activities are inherently associated with environmental and health risks, including potential radiological and heavy-metal contamination, as well as exposure to radon gas. NexGen is subject to stringent governmental policies and environmental regulations. Changes to these regulations, or issues related to environmental degradation and compliance, could lead to increased operating costs, project delays, or reputational damage.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    NexGen Energy Ltd. (NXE) is an exploration and development stage company primarily focused on uranium properties, with its principal asset being the Rook I project in Saskatchewan, Canada. Therefore, its main product is uranium. The addressable market for NexGen Energy's main product, uranium, is global. The global uranium market was valued at approximately US$9.30 billion in 2024. This market is projected to grow to approximately US$13.59 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of about 4.86% during the forecast period of 2025-2032. Another estimate places the global uranium market size at USD 15.57 billion in 2024, poised to reach USD 21.78 billion by 2033, with a CAGR of 3.8% from 2026–2033.

    AI Analysis | Feedback

    NexGen Energy Ltd. (NXE) is an exploration and development stage company primarily focused on its Rook I uranium project in Canada. As such, the company does not currently generate significant operational revenue. Over the next 2-3 years (2026-2029), its future revenue growth will be driven by key developments related to its flagship project and the broader uranium market. The expected drivers of future revenue growth for NexGen Energy are:
    1. Advancement of the Rook I Project Towards Production: NexGen Energy received final federal regulatory approval for its Rook I project in March 2026, with construction slated to commence in the summer of 2026. The project is expected to undergo a four-year construction period, targeting first uranium production around 2030. While direct revenue from uranium sales will occur beyond the immediate 2-3 year horizon, the successful execution of construction milestones, adherence to timelines, and overall de-risking of the project during this phase will significantly enhance the company's future revenue-generating potential and market valuation.
    2. Favorable Uranium Market Pricing and Demand: The global uranium market is currently experiencing a "long-duration structural bull market" driven by increasing demand for nuclear energy, including from emerging sectors like artificial intelligence (AI) and data centers, coupled with persistent supply constraints. Strong spot and long-term uranium prices are crucial for the economic viability and profitability of future uranium production from the Rook I project. Continued upward trends in uranium prices will positively impact the perceived value of NexGen's future output.
    3. Securing Long-Term Off-take Agreements: Entering into long-term contracts for uranium supply with utility companies or other end-users would provide revenue certainty for NexGen's future production. Such off-take agreements often involve agreed-upon pricing mechanisms, de-risking future revenue streams and potentially assisting in project financing. NexGen's management has indicated engaging in preliminary discussions regarding securing financing for the new mine, which may involve future off-take opportunities.

    AI Analysis | Feedback

    Share Issuance

    • NexGen Energy successfully completed an approximately CAD 1 billion equity raise in 2025.
    • This included a CAD 950 million capital raise in 2025, with CAD 600 million coming from Australian investors.
    • The number of shares outstanding increased from 0.48 billion in 2022 to 0.529 billion in 2023, and further to 0.555 billion in 2024.

    Inbound Investments

    • A significant portion of the CAD 950 million capital raise in 2025, specifically CAD 600 million, was contributed by Australian investors.
    • NexGen Energy's inclusion in the S&P/ASX 200 index on December 22, 2025, boosted market capitalization, liquidity, and Australian institutional ownership.

    Capital Expenditures

    • The company has a cumulative investment of approximately CAD 786 million in Saskatchewan, primarily for the Rook I project.
    • Initial capital expenditure for the Rook I project is estimated at CAD 2.2 billion, with roughly CAD 300 million anticipated in the first 12 months of construction.
    • Annual capital expenditures were $95.608 million USD in 2024, an increase of 12.85% from $84.725 million USD in 2023, primarily focused on the Rook I project development.

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    Peer Comparisons

    Peers to compare with:

    Financials

    NXENCEUCCJUECMedian
    NameNexGen E.NACCO In.enCore E.Cameco Uranium . 
    Mkt Price9.1547.401.0986.389.609.60
    Mkt Cap6.00.40.237.64.74.7
    Rev LTM0274433,5382043
    Op Inc LTM-98-38-75617-127-75
    FCF LTM-295-15-56922-120-56
    FCF 3Y Avg-207-13-67672-82-67
    CFO LTM-5758-391,276-114-39
    CFO 3Y Avg-4245-50921-77-42

    Growth & Margins

    NXENCEUCCJUECMedian
    NameNexGen E.NACCO In.enCore E.Cameco Uranium . 
    Rev Chg LTM-9.8%-6.4%7.5%-69.8%0.5%
    Rev Chg 3Y Avg-5.5%373.1%18.3%-22.6%11.9%
    Rev Chg Q--4.3%0.3%7.1%-0.3%
    QoQ Delta Rev Chg LTM--1.0%0.1%1.6%0.0%0.1%
    Op Inc Chg LTM-27.5%11.6%1.2%4.5%-113.2%1.2%
    Op Inc Chg 3Y Avg-18.7%-89.5%-39.5%98.9%-352.5%-39.5%
    Op Mgn LTM--13.8%-172.7%17.4%-629.8%-93.2%
    Op Mgn 3Y Avg--18.5%-140.8%16.0%-268.3%-79.7%
    QoQ Delta Op Mgn LTM-0.9%-20.3%-1.0%-86.8%-10.6%
    CFO/Rev LTM-21.2%-89.5%36.1%-561.9%-34.1%
    CFO/Rev 3Y Avg-17.9%-104.2%28.7%-269.4%-43.1%
    FCF/Rev LTM--5.5%-128.9%26.1%-595.2%-67.2%
    FCF/Rev 3Y Avg--5.5%-141.3%20.9%-285.7%-73.4%

    Valuation

    NXENCEUCCJUECMedian
    NameNexGen E.NACCO In.enCore E.Cameco Uranium . 
    Mkt Cap6.00.40.237.64.74.7
    P/S-1.34.810.6233.27.7
    P/Op Inc-61.6-9.4-2.861.0-37.0-9.4
    P/EBIT-16.515.1-6.840.5-45.6-6.8
    P/E-14.616.5-7.757.8-45.4-7.7
    P/CFO-106.36.1-5.429.5-41.5-5.4
    Total Yield-6.9%8.2%-13.0%2.0%-2.2%-2.2%
    Dividend Yield0.0%2.1%0.0%0.3%0.0%0.0%
    FCF Yield 3Y Avg-4.4%-4.7%-15.4%2.0%-2.4%-4.4%
    D/E0.10.40.50.00.00.1
    Net D/E-0.10.20.0-0.0-0.1-0.0

    Returns

    NXENCEUCCJUECMedian
    NameNexGen E.NACCO In.enCore E.Cameco Uranium . 
    1M Rtn-3.2%-2.4%-19.9%-11.3%-9.0%-9.0%
    3M Rtn-26.1%-0.8%-41.7%-28.4%-35.7%-28.4%
    6M Rtn-27.2%-2.8%-65.7%-30.0%-44.3%-30.0%
    12M Rtn36.4%27.7%-58.7%15.6%10.7%15.6%
    3Y Rtn88.3%40.0%-56.4%151.7%166.7%88.3%
    1M Excs Rtn-3.3%-2.5%-19.9%-11.4%-9.1%-9.1%
    3M Excs Rtn-31.1%-5.0%-48.3%-33.7%-39.4%-33.7%
    6M Excs Rtn-38.7%-8.6%-76.9%-42.8%-55.9%-42.8%
    12M Excs Rtn15.5%4.8%-77.0%-6.3%-7.1%-6.3%
    3Y Excs Rtn31.5%-27.2%-118.4%93.7%120.9%31.5%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
    Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
    Filing Date5/5/20263/4/202611/6/20258/6/20255/13/20253/4/202511/8/20248/7/20245/8/20243/7/202411/3/20238/9/2023
    Key Financials Quarterly            
    Total Revenue000000000000
    Ebitda-145-31-115-72-28-552216-30164-62-17
    Operating Income-25-37-22-15-16-24-19-18-17-31-25-15
    Net Income-156-43-129-87-51-661013-35159-52-19
    EPS-0.24-0.06-0.23-0.14-0.09-0.120.020.02-0.060.32-0.11-0.04
    Key Financials TTM            
    Total Revenue TTM000000000000
    Ebitda TTM-363-247-270-134-45-47172885577-107-71
    Operating Income TTM-98-90-78-74-77-78-84-90-88-85-75-66
    Net Income TTM-415-310-333-194-94-78148855381-101-70
    Growth Rates Quarterly            
    Total Revenue Growth------------
    EBITDA Growth-415.0%43.1%-631.8%-537.4%7.5%-133.5%134.9%198.0%-247.2%949.9%-134.3%-191.8%
    Operating Income Growth-51.0%-50.1%-17.5%15.1%7.1%20.0%24.0%-14.5%-23.1%-46.5%-56.9%-32.8%
    Net Income Growth-206.3%35.5%-1360.4%-757.0%-47.1%-141.8%119.7%168.4%-420.0%806.1%-138.1%-243.1%
    Margins Quarterly            
    EBITDA Margin------------
    Operating Income Margin------------
    Net Income Margin------------
    Cash & Debt            
    Total Cash1,0181,124306372435477538572383291378108
    Total Debt71558759348942545743146617816019181
    Net Debt / (Cash)-304-537287118-10-20-107-106-206-130-187-27
    Cash Flows Quarterly            
    FCF from Operations-11-25-10-11-1-10-3-2-9-23-7-15
    Cash Flows TTM            
    FCF from Operations TTM-57-48-32-24-16-24-37-42-54-53-36-33
    Returns to Shareholders Quarterly            
    Dividends000000000000
    Share Repurchases-0-0-0-0-0-01-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC-4.4%-7.2%-4.7%-3.6%-4.3%-6.2%-5.3%-5.0%-6.6%-12.3%-10.7%-7.2%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM-4.4%-4.5%-4.2%-4.5%-5.0%-4.8%-5.9%-6.4%-8.3%-8.5%-8.1%-7.8%

    Segment Financials

    Assets by Segment
    $ Mil20252024202320222021
    Acquisition, exploration and evaluation and development of uranium properties2,4731,6571,007555547
    Total2,4731,6571,007555547


    Price Behavior

    Price Behavior
    Market Price$9.15 
    Market Cap ($ Bil)6.0 
    First Trading Date10/31/2013 
    Distance from 52W High-34.3% 
       50 Days200 Days
    DMA Price$9.90$10.59
    DMA Trendupdown
    Distance from DMA-7.6%-13.6%
     3M1YR
    Volatility58.6%56.8%
    Downside Capture368.70246.19
    Upside Capture178.06233.94
    Correlation (SPY)60.9%47.7%
    NXE Betas & Captures as of 7/31/2026

     1M2M3M6M1Y3Y
    Beta2.462.582.592.172.091.53
    Up Beta2.872.202.071.441.451.31
    Down Beta2.582.722.711.991.841.51
    Up Capture219%212%183%235%473%603%
    Bmk +ve Days11223567138427
    Stock +ve Days11202960132375
    Down Capture241%276%293%217%164%110%
    Bmk -ve Days11212859114326
    Stock -ve Days11233464117361

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with NXE
    NXE33.3%56.7%0.71-
    Sector ETF (XLE)39.2%21.0%1.47-2.6%
    Equity (SPY)18.8%12.9%1.0747.4%
    Gold (GLD)23.6%28.1%0.7447.2%
    Commodities (DBC)30.2%19.7%1.227.0%
    Real Estate (VNQ)13.7%13.9%0.692.5%
    Bitcoin (BTCUSD)-44.8%42.9%-1.2632.8%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with NXE
    NXE18.7%58.1%0.52-
    Sector ETF (XLE)24.0%25.8%0.8235.2%
    Equity (SPY)12.6%17.1%0.5648.1%
    Gold (GLD)17.1%18.5%0.7529.9%
    Commodities (DBC)9.0%19.5%0.3528.0%
    Real Estate (VNQ)2.5%18.9%0.0327.5%
    Bitcoin (BTCUSD)14.2%53.3%0.4526.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with NXE
    NXE14.7%61.3%0.50-
    Sector ETF (XLE)10.1%29.6%0.3834.9%
    Equity (SPY)15.0%17.9%0.7141.1%
    Gold (GLD)11.3%16.1%0.5722.5%
    Commodities (DBC)7.3%18.0%0.3228.8%
    Real Estate (VNQ)4.9%20.7%0.2027.1%
    Bitcoin (BTCUSD)58.2%66.2%0.9816.8%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date7152026
    Short Interest: Shares Quantity42.7 Mil
    Short Interest: % Change Since 63020268.9%
    Average Daily Volume4.4 Mil
    Days-to-Cover Short Interest9.6 days
    Basic Shares Quantity660.7 Mil
    Short % of Basic Shares6.5%

    Earnings Returns History

    Updated 6/2/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    SUMMARY STATS   
    # Positive000
    # Negative000
    Median Positive   
    Median Negative   
    Max Positive   
    Max Negative   
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    SUMMARY STATS   
    # Positive000
    # Negative000
    Median Positive   
    Median Negative   
    Max Positive   
    Max Negative   

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    12/31/202503/04/202640-F
    09/30/202511/06/20256-K
    06/30/202508/06/20256-K
    03/31/202505/13/20256-K
    12/31/202403/04/202540-F
    09/30/202411/08/20246-K
    06/30/202408/07/20246-K
    03/31/202405/08/20246-K
    12/31/202303/07/202440-F
    09/30/202311/03/20236-K
    06/30/202308/09/20236-K
    03/31/202305/04/20236-K
    12/31/202202/24/202340-F
    09/30/202211/04/20226-K
    06/30/202208/05/20226-K
    03/31/202205/05/20226-K
     Collapse to Preview
    Report DateFiling DateFiling
    12/31/202503/04/202640-F
    09/30/202511/06/20256-K
    06/30/202508/06/20256-K
    03/31/202505/13/20256-K
    12/31/202403/04/202540-F
    09/30/202411/08/20246-K
    06/30/202408/07/20246-K
    03/31/202405/08/20246-K
    12/31/202303/07/202440-F
    09/30/202311/03/20236-K
    06/30/202308/09/20236-K
    03/31/202305/04/20236-K
    12/31/202202/24/202340-F
    09/30/202211/04/20226-K
    06/30/202208/05/20226-K
    03/31/202205/05/20226-K
    12/31/202102/25/202240-F
    09/30/202111/05/20216-K
    06/30/202108/11/20216-K
    03/31/202105/07/20216-K
    12/31/202003/19/202140-F
    09/30/202011/12/20206-K
    06/30/202008/13/20206-K
    03/31/202005/08/20206-K
    12/31/201903/12/202040-F
    09/30/201910/29/20196-K
    06/30/201908/09/20196-K
    03/31/201905/10/20196-K

    Investor Activity (13F)

    Updated Aug 1, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    L1 Capital Pty Ltd$408.3 Mil16.0%22Hold13F
    Nokomis Capital, L.L.C.$15.0 Mil4.5%47TRIM -18.9%13F
    Deltroit Asset Management (UK) LLP$25.9 Mil4.5%39TRIM -30.2%13F
    Hancock Prospecting Pty Ltd$105.5 Mil3.2%36Hold13F
    Dudley & Shanley, Inc.$14.2 Mil2.3%38Hold13F
    Drummond Knight Asset Management Pty Ltd$5.2 Mil1.8%14TRIM -22.7%13F
    Masters Capital Management LLC$11.6 Mil1.7%44TRIM -50.0%13F
    Goehring & Rozencwajg Associates, LLC$21.0 Mil1.1%43ADD +19.2%13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Goehring & Rozencwajg Associates, LLC$21.0 Mil1.1%43ADD +19.2%13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Masters Capital Management LLC$11.6 Mil1.7%44TRIM -50.0%13F
    Deltroit Asset Management (UK) LLP$25.9 Mil4.5%39TRIM -30.2%13F
    Drummond Knight Asset Management Pty Ltd$5.2 Mil1.8%14TRIM -22.7%13F
    Nokomis Capital, L.L.C.$15.0 Mil4.5%47TRIM -18.9%13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    L1 Capital Pty Ltd$408.3 Mil16.0%22Hold13F
    Hancock Prospecting Pty Ltd$105.5 Mil3.2%36Hold13F
    Deltroit Asset Management (UK) LLP$25.9 Mil4.5%39TRIM -30.2%13F
    Goehring & Rozencwajg Associates, LLC$21.0 Mil1.1%43ADD +19.2%13F
    Nokomis Capital, L.L.C.$15.0 Mil4.5%47TRIM -18.9%13F
    Dudley & Shanley, Inc.$14.2 Mil2.3%38Hold13F
    Masters Capital Management LLC$11.6 Mil1.7%44TRIM -50.0%13F
    Drummond Knight Asset Management Pty Ltd$5.2 Mil1.8%14TRIM -22.7%13F

    NexGen Energy — Investor Video Playlist

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