NexGen Energy (TSE:NXE) Hits New 1-Year Low After Analyst Downgrade

NexGen Energy Ltd. (TSE:NXE - Get Free Report) hit a new 52-week low on Monday after National Bankshares lowered their price target on the stock from C$13.50 to C$12.50. National Bankshares currently has an outperform rating on the stock. NexGen Energy traded as low as C$6.63 and last traded at C$6.65, with a volume of 302972 shares. The stock had previously closed at C$6.98.

NXE has been the topic of a number of other research reports. Scotiabank dropped their price objective on NexGen Energy from C$14.50 to C$12.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Cormark upped their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Haywood Securities raised their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Raymond James boosted their price objective on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada increased their target price on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Six research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$13.28.

Insider Buying and Selling at NexGen Energy

In other news, Director Leigh Robert Curyer bought 1,500,000 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of C$10.05 per share, with a total value of C$15,075,000.00. Insiders own 7.96% of the company's stock.

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NexGen Energy Trading Down 1.7 %

The business's 50-day moving average price is C$8.95 and its two-hundred day moving average price is C$9.48. The firm has a market cap of C$3.84 billion, a price-to-earnings ratio of 26.00 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20.

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.