NexGen Energy Ltd. (TSE:NXE) Receives Average Recommendation of "Buy" from Brokerages

NexGen Energy Ltd. (TSE:NXE - Get Free Report) has earned an average rating of "Buy" from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$13.28.

Several equities analysts have recently commented on the company. Raymond James increased their price objective on NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Cormark increased their target price on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Haywood Securities boosted their price objective on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Finally, National Bankshares cut 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 report on Friday, March 7th.

Insider Activity at NexGen Energy

In related news, Director Leigh Robert Curyer acquired 1,500,000 shares of the stock in a transaction on Friday, December 20th. The stock was acquired at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is currently owned by corporate insiders.

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NexGen Energy Price Performance

Shares of NexGen Energy stock traded up C$0.12 on Monday, hitting C$7.21. 1,826,633 shares of the company traded hands, compared to its average volume of 1,774,760. NexGen Energy has a 12-month low of C$6.44 and a 12-month high of C$12.51. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The company has a market cap of C$4.08 billion, a P/E ratio of 27.61 and a beta of 1.76. The firm's 50-day simple moving average is C$8.59 and its 200 day simple moving average is C$9.43.

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.