NexGen Energy (TSE:NXE) Shares Down 4% - Should You Sell?

NexGen Energy Ltd. (TSE:NXE - Get Free Report) shares were down 4% during trading on Friday . The company traded as low as C$8.76 and last traded at C$8.83. Approximately 142,385 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,463,503 shares. The stock had previously closed at C$9.20.

Analyst Ratings Changes

Several brokerages have issued reports on NXE. Royal Bank of Canada raised their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Raymond James upped their price objective on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Scotiabank lifted their target price on NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th. Cormark boosted their price objective on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Finally, National Bankshares lifted their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$13.59.

NexGen Energy Price Performance

The stock has a market cap of C$4.95 billion, a P/E ratio of 33.46 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. The business's fifty day moving average price is C$9.88 and its 200 day moving average price is C$9.56.

Insider Buying and Selling

In related news, Director Leigh Robert Curyer sold 1,250,000 shares of NexGen Energy stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$11.55, for a total transaction of C$14,442,875.00. 7.96% of the stock is currently owned by corporate insiders.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.