Stifel Canada Upgrades NexGen Energy (TSE:NXE) to "Strong-Buy"

NexGen Energy (TSE:NXE - Get Free Report) was upgraded by equities researchers at Stifel Canada to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for NexGen Energy's FY2025 earnings at ($0.16) EPS, FY2026 earnings at ($0.30) EPS, FY2027 earnings at ($0.34) EPS, FY2028 earnings at ($0.41) EPS and FY2029 earnings at ($0.19) EPS.

Several other brokerages have also weighed in on NXE. National Bankshares cut their price objective 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. Cormark lifted their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. TD Securities lowered their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Haywood Securities increased their target price on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Finally, Scotiabank lowered 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. Six research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$13.28.

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NexGen Energy Trading Up 2.5 %

NexGen Energy stock traded up C$0.17 during trading on Tuesday, hitting C$6.90. The company's stock had a trading volume of 1,733,924 shares, compared to its average volume of 1,798,958. The stock's fifty day moving average is C$8.79 and its 200 day moving average is C$9.46. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. NexGen Energy has a 1-year low of C$6.44 and a 1-year high of C$12.51. The stock has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 26.42 and a beta of 1.76.

Insiders Place Their Bets

In other news, Director Leigh Robert Curyer bought 1,500,000 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost 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 insiders.

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.