NexGen Energy (TSE:NXE - Free Report) had its target price trimmed by National Bankshares from C$13.50 to C$12.50 in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Other research analysts have also issued research reports about the company. Cormark increased their target price on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. TD Securities decreased their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Scotiabank dropped their price target on NexGen Energy from C$14.50 to C$12.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Raymond James lifted their price objective on NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada raised their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Six investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of "Buy" and an average target price of C$13.28.
Read Our Latest Stock Report on NXE
NexGen Energy Stock Performance
TSE NXE traded up C$0.16 during mid-day trading on Friday, reaching C$6.74. 1,064,854 shares of the stock were exchanged, compared to its average volume of 1,762,103. The company has a market capitalization of C$3.81 billion, a P/E ratio of 25.81 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The business's 50 day moving average is C$9.05 and its 200-day moving average is C$9.50. NexGen Energy has a 1 year low of C$6.44 and a 1 year high of C$12.51.
Insider Activity at NexGen Energy
In related news, Director Leigh Robert Curyer sold 1,250,000 shares of the firm's stock in a transaction that occurred 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. Insiders own 7.96% of the company's stock.
NexGen Energy Company Profile
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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.
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