Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have earned a consensus recommendation of "Buy" from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$13.13.
A number of research firms have weighed in on NXE. National Bank Financial raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, September 3rd. National Bankshares set a C$11.00 price objective on shares of NexGen Energy and gave the company an "outperform" rating in a research note on Wednesday, September 4th. TD Securities lowered their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Raymond James reduced their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Finally, Cormark lowered their price objective on NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd.
View Our Latest Report on NXE
NexGen Energy Stock Performance
NexGen Energy stock traded up C$0.31 during trading on Friday, hitting C$11.49. The stock had a trading volume of 1,769,269 shares, compared to its average volume of 1,998,229. The stock's 50 day moving average is C$8.55 and its two-hundred day moving average is C$9.55. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.14. The stock has a market cap of C$6.49 billion, a price-to-earnings ratio of 67.59 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09.
NexGen Energy (TSE:NXE - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) EPS for the quarter, beating the consensus estimate of C($0.04) by C$0.02. As a group, analysts predict that NexGen Energy will post -0.07 EPS for the current year.
NexGen Energy Company Profile
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Get Free ReportNexGen 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.
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