DonCorleone77
Sep 21, 10:45 AM
$NXE NexGen Energy initiated with an Overweight at JPMorgan
JPMorgan analyst Bill Peterson initiated coverage of NexGen Energy with an Overweight rating and
$14 price target, reflecting 50% share upside. NexGen is a leading uranium asset with "strategic importance," the analyst tells investors in a research note. The firm says the company is an emerging uranium developer progressing the construction of its fully-owned Rook I project in the southwestern Athabasca, Canada. The project is underpinned by the high-grade Arrow Deposit with additional upside pending resource conversion and future exploration success, contends JPMorgan.
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