TD Securities just raised its 12-month price target on NXE to C$20, adding another higher mark to the analyst stack.
This isn’t about a single upgrade in isolation. Over the past few months, we’ve seen multiple firms lift targets while keeping Buy ratings intact, all circling around the same core thesis: Rook I remains one of the most advanced, large-scale uranium development assets globally.
What’s becoming clearer is how consistently the Street is beginning to frame the long-term value of Rook I, especially as uranium supply tightens and replacement pounds become harder to source. Analyst models appear to be adjusting not just for resource size, but for timing, scale, and strategic relevance.
I’m watching this not as a short-term trade, but as analyst confidence steadily building as key development milestones come into view.
**What would you need to see next to shift NXE from watchlist to core holding?**