National Bankshares Increases NexGen Energy (TSE:NXE) Price Target to C$13.00

NexGen Energy (TSE:NXE - Free Report) had its price objective increased by National Bankshares from C$11.00 to C$13.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on NXE. TD Securities decreased their price objective 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, August 8th. Royal Bank of Canada lowered their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Monday, August 12th. Cormark dropped their price objective on shares of NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. Raymond James lowered their target price on NexGen Energy from C$13.00 to C$12.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Finally, Scotiabank dropped their price target on NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$13.38.

NexGen Energy Stock Performance

The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. The firm has a market capitalization of C$5.92 billion, a P/E ratio of 61.47 and a beta of 1.76. NexGen Energy has a 52 week low of C$7.04 and a 52 week high of C$12.14. The stock has a 50 day moving average price of C$8.74 and a 200-day moving average price of C$9.55.

NexGen Energy (TSE:NXE - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.04) by C$0.02. On average, equities research analysts forecast that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

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.