NexGen Energy (TSE:NXE - Get Free Report) had its target price dropped by investment analysts at Scotiabank from C$14.50 to C$12.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's target price suggests a potential upside of 82.37% from the company's current price.
Several other equities analysts also recently issued reports on NXE. TD Securities cut 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 report on Thursday. Royal Bank of Canada boosted their target price on shares of NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Raymond James boosted their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Haywood Securities boosted their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Finally, Cormark boosted their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, NexGen Energy presently has a consensus rating of "Buy" and a consensus target price of C$13.28.
View Our Latest Report on NXE
NexGen Energy Price Performance
NXE stock traded down C$0.40 during trading on Thursday, hitting C$6.58. 2,418,610 shares of the stock traded hands, compared to its average volume of 1,778,159. NexGen Energy has a one year low of C$6.44 and a one year high of C$12.51. The stock has a market cap of C$3.72 billion, a price-to-earnings ratio of 25.19 and a beta of 1.76. The company has a 50 day simple moving average of C$9.05 and a 200 day simple moving average of C$9.50. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49.
Insider Buying and Selling
In other NexGen Energy news, Director Leigh Robert Curyer purchased 1,500,000 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average cost of C$10.05 per share, with a total value of C$15,075,000.00. 7.96% of the stock is currently owned by insiders.
About NexGen Energy
(
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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.
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