NexGen Energy Ltd. (TSE:NXE - Get Free Report)'s share price traded up 4.1% during mid-day trading on Wednesday . The stock traded as high as C$6.60 and last traded at C$6.59. 655,252 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 1,771,114 shares. The stock had previously closed at C$6.33.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. TD Securities reduced their price target 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. National Bankshares dropped their price target on 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. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Scotiabank lowered their target price 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 MarketBeat.com, NexGen Energy has an average rating of "Buy" and a consensus price target of C$13.22.
Read Our Latest Stock Analysis on NXE
NexGen Energy Price Performance
The company has a market cap of C$3.51 billion, a price-to-earnings ratio of 23.74 and a beta of 1.76. The company's 50 day moving average price is C$7.08 and its 200 day moving average price is C$9.16. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49.
About NexGen Energy
(
Get Free Report)
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.
Further Reading
Before you consider NexGen Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexGen Energy wasn't on the list.
While NexGen Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
