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Analysts Set NexGen Energy Ltd. (TSE:NXE) Price Target at C$14.42

NexGen Energy logo with Energy background

NexGen Energy Ltd. (TSE:NXE - Get Free Report) has received a consensus rating of "Buy" from the ten analysts that are currently covering the firm, MarketBeat reports. Seven 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$14.42.

A number of research analysts have recently commented on the company. Scotiabank raised their target price on NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday, November 20th. National Bankshares upped their target price on shares of NexGen Energy from C$11.00 to C$13.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Raymond James lifted their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. National Bank Financial upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, Haywood Securities raised their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th.

Read Our Latest Analysis on NXE

NexGen Energy Trading Down 0.3 %

NexGen Energy stock traded down C$0.04 during trading hours on Friday, reaching C$11.84. The stock had a trading volume of 1,237,334 shares, compared to its average volume of 1,939,319. The stock has a market cap of C$6.69 billion, a PE ratio of 69.65 and a beta of 1.76. The company has a fifty day simple moving average of C$10.44 and a 200-day simple moving average of C$9.53. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. 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 issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts' consensus estimates of C($0.04) by C($0.01). During the same period in the previous year, the company posted ($0.03) earnings per share. Analysts forecast that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

(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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