NexGen Energy (TSE:NXE) Reaches New 1-Year Low - Time to Sell?

Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$5.59 and last traded at C$5.76, with a volume of 385451 shares trading hands. The stock had previously closed at C$5.92.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NXE. Scotiabank reduced their price target on NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. TD Securities dropped their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. National Bankshares lowered 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 research note on Friday, March 7th. Finally, Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Six investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$13.22.

NexGen Energy Stock Up 5.0 %

The business's 50 day simple moving average is C$7.35 and its 200 day simple moving average is C$9.24. The company has a market capitalization of C$3.66 billion, a PE ratio of 24.73 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49.

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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.