NexGen Energy Ltd. (TSE:NXE) Receives C$13.22 Consensus Target Price from Analysts

Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have earned an average recommendation of "Buy" from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$13.22.

Several equities analysts have weighed in on the company. Scotiabank cut their price target on NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating for the company in a report on Tuesday, March 25th. TD Securities lowered their price target on NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. National Bankshares reduced their target price on shares of NexGen Energy from C$13.50 to C$12.50 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Finally, Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th.

NexGen Energy Price Performance

NXE traded up C$0.07 on Friday, hitting C$6.40. 164,148 shares of the company's stock traded hands, compared to its average volume of 1,765,250. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. NexGen Energy has a one year low of C$5.59 and a one year high of C$12.51. The company's 50 day simple moving average is C$7.24 and its 200-day simple moving average is C$9.20. The firm has a market cap of C$3.62 billion, a price-to-earnings ratio of 24.50 and a beta of 1.76.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.