NexGen Energy (TSE:NXE - Free Report) had its target price reduced by TD Securities from C$13.00 to C$12.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Several other brokerages also recently commented on NXE. Cormark lifted their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Royal Bank of Canada lifted their target price on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Scotiabank raised their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. Haywood Securities raised their price target on shares of NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Finally, Raymond James raised their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, NexGen Energy presently has an average rating of "Buy" and a consensus target price of C$13.28.
Read Our Latest Stock Report on NXE
NexGen Energy Stock Performance
NXE traded down C$0.40 during trading on Thursday, hitting C$6.58. The stock had a trading volume of 2,418,610 shares, compared to its average volume of 1,778,159. The firm has a market cap of C$3.72 billion, a PE ratio of 25.19 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. 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 company has a 50 day simple moving average of C$9.05 and a 200-day simple moving average of C$9.50.
Insider Activity
In other news, Director Leigh Robert Curyer sold 1,250,000 shares of NexGen Energy stock in a transaction dated 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 owned by company 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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