NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of "Buy" by Analysts

Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have earned an average rating of "Buy" from the ten analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$13.28.

Several research analysts have recently issued reports on NXE shares. Raymond James upped their price objective on NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Cormark upped their price objective on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. National Bankshares lowered their price objective on NexGen Energy from C$13.50 to C$12.50 and set an "outperform" rating for the company in a research note on Friday, March 7th. Finally, Scotiabank lowered their price objective on NexGen Energy from C$14.50 to C$12.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th.

Insider Activity

In other NexGen Energy news, Director Leigh Robert Curyer bought 1,500,000 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of C$10.05 per share, with a total value of C$15,075,000.00. Insiders own 7.96% of the company's stock.

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NexGen Energy Price Performance

Shares of NXE stock traded up C$0.09 on Monday, reaching C$6.99. The company had a trading volume of 298,384 shares, compared to its average volume of 1,757,957. The stock has a market capitalization of C$3.96 billion, a PE ratio of 26.76 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. NexGen Energy has a one year low of C$6.44 and a one year high of C$12.51. The business's 50-day moving average is C$8.65 and its 200 day moving average is C$9.44.

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.