Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have received a consensus recommendation of "Buy" from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$13.38.
Several brokerages have recently commented on NXE. Royal Bank of Canada reduced their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Monday, August 12th. National Bankshares lifted their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. National Bank Financial raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, September 3rd. Cormark cut their price objective on shares of NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Finally, TD Securities lowered their target price on NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th.
Check Out Our Latest Analysis on NXE
NexGen Energy Price Performance
Shares of NXE traded down C$0.07 during mid-day trading on Tuesday, reaching C$10.04. The company had a trading volume of 766,068 shares, compared to its average volume of 1,940,336. The company's 50 day simple moving average is C$9.22 and its 200 day simple moving average is C$9.45. NexGen Energy has a 1-year low of C$7.04 and a 1-year high of C$12.14. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The company has a market capitalization of C$5.67 billion, a price-to-earnings ratio of 59.47 and a beta of 1.76.
NexGen Energy (TSE:NXE - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the company posted ($0.03) EPS. Analysts expect that NexGen Energy will post -0.07 EPS for the current year.
About NexGen Energy
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Get Free ReportNexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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