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Stock impact report

Assessing NexGen Energy (TSX:NXE) Valuation After Strong Recent Share Price Momentum [Yahoo! Finance]

Nexgen Energy Ltd. Common Shares (NXE) 
NASDAQ:AMEX Investor Relations: nexgenenergy.ca/investors/presentation
Company Research Source: Yahoo! Finance
NexGen Energy (TSX:NXE) has been drawing attention after a strong month, with the share price up about 35%, prompting investors to reassess how its uranium development profile lines up with recent returns. See our latest analysis for NexGen Energy. The recent 35.4% 1 month share price return comes on top of a 24.7% 3 month gain and a 1 year total shareholder return of 80.2%. This suggests momentum has been building rather than fading, even after the latest pullback to CA$17.10. If NexGen's move has you looking beyond a single uranium developer, it could be a good moment to broaden your search with fast growing stocks with high insider ownership With NexGen posting strong recent returns and trading only slightly below the average analyst price target of CA$17.79, the key question is whether current optimism leaves upside on the table or if the market already prices in future growth. NexGen Energy is trading at a P/B of 12.3x, compared with a Canadian Oil and Gas industry ave Show less Read more
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