NexGen Energy Ltd. (TSE:NXE - Get Free Report) shares reached a new 52-week low on Monday . The stock 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
NXE has been the topic of a number of recent analyst reports. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. National Bankshares cut their price objective on 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. TD Securities decreased their target price on 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 dropped their target price on NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Six equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, NexGen Energy has a consensus rating of "Buy" and a consensus target price of C$13.22.
View Our Latest Analysis on NexGen Energy
NexGen Energy Price Performance
The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. The stock has a market capitalization of C$3.58 billion, a P/E ratio of 24.20 and a beta of 1.76. The stock's fifty day moving average is C$7.98 and its 200-day moving average is C$9.35.
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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