NexGen Energy is trading 5.44% up now at €8.56 after JPMorgan initiated coverage with an Overweight rating and a $14 price target.
- The target implies roughly 50% upside from September 18’s close.
- JPMorgan highlighted the Rook I uranium project and potential production scale.
- Broader risk-on sentiment, including stronger equity markets and renewed nuclear-fuel interest, is providing additional support.