11 Best TSX Stocks to Buy According to Hedge Funds

9. NexGen Energy Ltd. (NYSE:NXE)

Number of Hedge Fund Holders: 37

Stock Upside: 11.31%

NexGen Energy Ltd. (NYSE:NXE) is one of the best TSX stocks to buy according to hedge funds. On April 22, NexGen Energy Ltd. (NYSE:NXE) announced the results from its 2026 winter drill program at Patterson Corridor East (PCE), a uranium discovery located in Saskatchewan’s Athabasca Basin, in which the company confirmed that the high-grade zone is growing larger and deeper than previously known.

One key finding was that the vertical extent of the high-grade subdomain has expanded by 33% to 550 meters. The subdomain also has a strike length of 210 meters, which builds on the 412-meter vertical extent recorded at the end of the 2025 program, and which itself was a 23% jump from 2024. Put simply, this finding shows that the richest, most concentrated part of the uranium deposit keeps getting bigger with each drill season. Importantly, this zone remains open at depth, meaning future drilling could push it even further.

NexGen detailed that the winter program drilled 13 holes totaling 9,131.7 meters targeting PCE mineralization. There were an additional six holes (3,626.5 meters) for testing a parallel trend nearby, which brings 2026’s total drilled distance so far to 12,758.2 meters out of a planned 42,000 meters for the full year.

Since NexGen first discovered PCE in March 2024, the company has now drilled 115 holes totaling 72,464.7 meters at the site. Of these, 79 intersected mineralization, 54 hit high-grade, and 21 returned off-scale readings. This is an unusually high hit rate for an early-stage discovery.

The company has scheduled a summer drilling that will target about 29,200 meters and will commence in the week of May 25, 2026. This session will incorporate lessons from the winter results and will target additional zones of mineralization beyond PCE’s known footprint.

NexGen Energy Ltd. (NYSE:NXE) is an exploration and development-stage company. It focuses on uranium assets, which it explores and develops primarily through its flagship Rook I project in Saskatchewan’s Athabasca Basin.