NexGen Energy Ltd. (TSE:NXE - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$6.17 and last traded at C$6.32, with a volume of 414637 shares traded. The stock had previously closed at C$6.49.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on NXE shares. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. National Bankshares reduced their target price on shares of NexGen Energy from C$13.50 to C$12.50 and set an "outperform" rating for the company in a report on Friday, March 7th. TD Securities decreased their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Scotiabank cut their price target on shares of NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Six analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of "Buy" and a consensus price target of C$13.22.
View Our Latest Report on NXE
NexGen Energy Stock Performance
The company has a market capitalization of C$3.35 billion, a P/E ratio of 22.67 and a beta of 1.76. The stock's fifty day moving average price is C$7.90 and its 200-day moving average price is C$9.33. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16.
About NexGen Energy
(
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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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