NexGen Energy Ltd. (TSE:NXE - Get Free Report) has been assigned a consensus recommendation of "Buy" from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$13.59.
NXE has been the topic of several recent analyst reports. 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 report on Thursday, October 24th. Raymond James increased their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Haywood Securities lifted their price objective on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Royal Bank of Canada increased their target price on NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Finally, Cormark upped their price target on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th.
Check Out Our Latest Stock Analysis on NexGen Energy
NexGen Energy Trading Down 3.3 %
Shares of NXE stock traded down C$0.32 during mid-day trading on Friday, reaching C$9.49. The stock had a trading volume of 2,143,074 shares, compared to its average volume of 1,680,868. The firm has a market capitalization of C$5.36 billion, a PE ratio of 55.82 and a beta of 1.76. The stock's 50-day moving average price is C$10.45 and its two-hundred day moving average price is C$9.58. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a 52-week low of C$7.04 and a 52-week high of C$12.51.
NexGen Energy (TSE:NXE - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts' consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the company earned ($0.03) earnings per share. Equities analysts expect that NexGen Energy will post -0.07 earnings per share for the current fiscal year.
Insider Activity at NexGen Energy
In related news, Director Leigh Robert Curyer sold 1,250,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$11.55, for a total transaction of C$14,442,875.00. 7.96% of the stock is currently owned by insiders.
NexGen Energy Company Profile
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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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