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NexGen Energy Ltd. (TSE:NXE) Receives C$13.59 Average PT from Brokerages

NexGen Energy logo with Energy background

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

(Get Free Report

NexGen 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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