Want to see AU:NXG full AI Analyst Report?
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs (NXG) AI Stock Analysis
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs
(ASX:NXG)
The score is held back mainly by weak financial performance (pre-revenue, ongoing losses, and intensified negative free cash flow) and a bearish technical setup (price below major moving averages with negative MACD). These negatives are partially offset by a strong earnings-call read-through highlighting on-schedule construction progress, reiterated capex guidance, and solid liquidity, which improves confidence in execution despite remaining financing and cost risks.
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs (NXG) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 8.20B
- Dividend Yield
- ―
- Average Volume (3M)
- 658.05K
- Price to Earnings (P/E)
- -26.8
- Beta (1Y)
- 1.85
- Revenue Growth
- ―
- EPS Growth
- -21.57%
- Country
- Australia
- Employees
- 142
- Sector
- General
- Sector Strength
- 55
- Industry
- Uranium
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs Business Overview & Revenue Model
Company Description
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, evaluation, and development of uranium properties in Canada. The company holds a 100% interest in the Rook I project that consists of 32 contig...
How the Company Makes Money
null
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs Earnings Call Summary
Overall the call conveyed strong positive momentum: construction and site-readiness milestones were executed on schedule, exploration at PCE is making progress and commercial activity is advancing with multiple contract negotiations and a disclosed term sheet. The company entered the quarter with robust liquidity (CAD ~970M), validated capex assumptions (CAD 2.2B guidance unchanged to date) and multiple financing pathways, while market fundamentals (spot, term and forward prices) are favorable. Notable risks discussed include modest headline volume on the recent offtake term sheet, potential assay timing bottlenecks, labor/cost pressures and the need to finalize additional project financing, but management presented mitigants and a clear financing and execution plan.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The call provided clear, metric-rich guidance: Rook 1 is on a four‑year path to first production with shaft‑sinking and freeze timelines targeted for early–mid 2027 (freeze mobilization early 2027; pre‑sinking by mid‑2027), earthworks dominating the rest of 2026, pads for shaft terraces completing in Q3 and concrete foundations/temporary freeze plant and primary batch plant starting in Q4 2026. Operational and construction metrics include a 3,000‑ft airstrip commissioned (to be extended to 5,840 ft by Dec 2026), accommodation for ~700–770 people (≈300 on site today), 575,000 tonnes of crushed aggregate stockpiled, a 950‑m pilot hole and 250‑m confirmation holes around the shafts, two batch plants staged (dry mix in Alberta, wet mix shipping in Sep), and a 42,000‑m Patterson Corridor East drill program ~50% complete (~20,000 m remaining). Commercial and financial metrics: term market ~$97/lb, spot mid‑$80s (~$85/lb), 5‑year forward ~$105/lb, uranium up ~500% over the last decade while supply rose ~14%, a recent 1.3M lb term sheet (company now ~11.3M lb contracted to spot exposure), 96% of reserves available for sale, breakeven ≈3.7M lb/year, balance sheet liquidity >CAD 970M, and the August 2024 CAD 2.2B capex estimate still validated by recent major contract awards.
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs Financial Statement Overview
Summary
Development-stage profile with no revenue and meaningfully negative profitability (TTM net income about -$255M; EBIT around -$110M). Cash generation is weak with sustained burn (TTM operating cash flow about -$71M; TTM free cash flow roughly -$241M), implying continued reliance on external funding. Offsetting this, the balance sheet has a sizeable equity cushion (TTM equity ~$1.84B) and only moderate leverage (debt-to-equity ~0.33), though total debt has risen to ~$613M.
Income Statement
12Very NegativeBalance Sheet
56NeutralCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -1.41M | -2.24M | 0 | 0 | 0 | 0 |
| EBITDA | -202.34M | -89.04M | -75.99M | -82.93M | -58.13M | -49.05M |
| Net Income | -254.65M | -314.65M | -77.56M | 80.82M | -56.59M | -119.09M |
Balance Sheet | ||||||
| Total Assets | 2.53B | 2.48B | 1.66B | 1.01B | 554.56M | 546.56M |
| Cash, Cash Equivalents and Short-Term Investments | 970.25M | 1.13B | 476.59M | 290.74M | 140.22M | 211.12M |
| Total Debt | 613.07M | 587.79M | 456.80M | 160.42M | 82.48M | 75.18M |
| Total Liabilities | 684.04M | 641.79M | 478.20M | 187.41M | 99.14M | 85.22M |
| Stockholders Equity | 1.84B | 1.83B | 1.18B | 820.02M | 417.88M | 433.61M |
Cash Flow | ||||||
| Free Cash Flow | -241.12M | -79.00M | -154.77M | -168.42M | -20.53M | -63.70M |
| Operating Cash Flow | -71.29M | -78.49M | -24.09M | -52.62M | -20.18M | -16.79M |
| Investing Cash Flow | -528.46M | -532.26M | -130.68M | -160.14M | -68.05M | -46.71M |
| Financing Cash Flow | 991.74M | 944.10M | 344.64M | 368.89M | 19.86M | 191.35M |
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NXG, the sentiment is Negative. The current price of 12.23 is below the 20-day moving average (MA) of 12.29, below the 50-day MA of 13.35, and below the 200-day MA of 15.20, indicating a bearish trend. The MACD of -0.30 indicates Negative momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 82.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NXG.
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs Peers Comparison
Overall Rating
AU:PDN63Neutral- AU:NXG53Neutral
AU:DYL48Neutral
AU:AEE40Underperform
AU:BMN40Underperform
AU:PEN40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:PDN | 63Neutral | AUD 3.36B | 441.63 | 0.46% | ― | ― | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| AU:NXG | 53Neutral | AUD 7.88B | -26.84 | -16.11% | ― | ― | -21.57% |
| AU:DYL | 48Neutral | AUD 696.72M | 52.19 | 2.05% | ― | ― | 85.14% |
| AU:AEE | 40Underperform | AUD 75.29M | -6.22 | -17.73% | ― | ― | 32.77% |
| AU:BMN | 40Underperform | AUD 805.46M | -84.89 | -3.00% | ― | ― | -61.38% |
| AU:PEN | 40Underperform | AUD 105.74M | -0.87 | -39.57% | ― | ― | -158.48% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:NXG | NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs | 12.23 | -2.86 | -18.95% | |
| AU:PDN | Paladin Energy Ltd | 7.47 | -1.99 | -21.04% | |
| AU:AEE | Aura Energy Limited | 0.07 | -0.14 | -64.76% | |
| AU:BMN | Bannerman Energy Ltd | 3.37 | -0.21 | -5.87% | |
| AU:DYL | Deep Yellow Limited | 0.71 | -1.00 | -58.31% | |
| AU:PEN | Peninsula Energy Limited | 0.18 | -0.40 | -68.32% |
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs Corporate Events
NexGen Energy Adjusts CDIs as Capital Structure Shifts in September
NexGen Energy reported its September 2026 capital structure, showing a reduction in CHESS Depositary Interests (CDIs) over quoted securities to 126,112,733 from 127,774,907, driven by net transfers between CDIs and common stock. The company also incr...
NexGen Energy Issues Shares for Debenture Interest, Confirms Compliance
NexGen Energy has issued 29,844 new common shares to a holder of its 2023 unsecured convertible debentures as partial payment of interest accrued to mid-September 2026, effectively settling part of its debt obligations in equity rather than cash. The...
NexGen Energy Reshapes CDI and Share Structure Across Global Listings
NexGen Energy has reported a decrease in Chess Depository Interests on issue for August 2026, with CDIs over quoted securities falling to 127,774,907 from 137,672,038, driven by net transfers between ASX CDIs and common stock listed on the TSX and NY...
NexGen Schedules 2026 Investor Day to Highlight Rook I Construction Progress
NexGen Energy will host a pre-recorded virtual Investor Day on September 1, 2026, featuring presentations from senior leadership and technical staff on the construction plan and activities at its wholly owned Rook I uranium project. The webcast aims...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 17, 2026