Business · Energy & Commodities · 1 hr ago
Brokers see potential gains for NexGen Energy and Viva Energy shares
Two brokers have suggested that shares in NexGen Energy and Viva Energy could rise over the next year.
NexGen is developing the Rook 1 uranium project in Saskatchewan, Canada, where the Arrow deposit has a reported resource of 257 million pounds of uranium.
Barrenjoey expects first production in 2029–30 and has set a $14.80 price target, compared with a current price of $12.24.
Viva Energy operates in refining and fuel retail, and Macquarie has set a $4 target against a current price of $3.16.
Macquarie says refining margins may remain supportive through 2027, although softer retail fuel margins could weigh on Viva in the second half of 2026.
It also forecasts an 8.1% dividend yield for this year and 4.7% next year.
The forecasts reflect the brokers’ views, not guaranteed returns, and NexGen’s project still requires further development before production begins.
Barrenjoey and Macquarie see potential share-price gains for NexGen Energy and Viva Energy over the next year.
Barrenjoey rates NexGen overweight and set a price target of $14.80, compared with a current price of $12.24.
Macquarie rates Viva Energy overweight and set a $4 price target, compared with a current price of $3.16.
Barrenjoey cited NexGen’s uranium project and a strong long-term uranium price outlook.
Macquarie said tight refining markets and improving tobacco sales support Viva Energy, while soft retail fuel margins are a drag.
- Who
- NexGen Energy and Viva Energy, with views from brokers Barrenjoey and Macquarie.
- What
- The brokers gave the shares overweight ratings and price targets above their current prices.
- When
- The article was published on 13 October 2026 and discusses potential gains over the next 12 months.
- Where
- NexGen is focused on a uranium project in Saskatchewan, Canada; Viva Energy is an Australian-listed company.
- Why
- Barrenjoey cited NexGen’s project potential and its strong uranium price outlook. Macquarie cited tight refining markets and improving tobacco sales.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- NexGen current price
- $12.24
- NexGen price target
- $14.80
- Viva Energy current price
- $3.16
- Viva Energy price target
- $4
- NexGen first production expected
- 2029-30
What people are saying
very high-grade deposit
Sources
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