NexGen Energy (TSE:NXE - Get Free Report) had its target price decreased by investment analysts at Scotiabank from C$12.00 to C$11.50 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 77.20% from the company's current price.
A number of other analysts have also issued reports on the company. TD Securities lowered their target price on NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. National Bankshares lowered their price target on shares of 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. Finally, Stifel Canada upgraded shares of 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. According to MarketBeat, NexGen Energy presently has a consensus rating of "Buy" and a consensus price target of C$13.22.
Check Out Our Latest Analysis on NXE
NexGen Energy Stock Performance
NexGen Energy stock traded down C$0.42 during trading hours on Tuesday, reaching C$6.49. 1,882,161 shares of the company were exchanged, compared to its average volume of 1,778,810. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The stock has a 50-day moving average of C$8.21 and a 200 day moving average of C$9.36. The firm has a market cap of C$3.67 billion, a price-to-earnings ratio of 24.85 and a beta of 1.76. NexGen Energy has a 12 month low of C$6.44 and a 12 month high of C$12.51.
NexGen Energy Company Profile
(
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.
See Also
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
