NexGen Energy Ltd. (TSE:NXE) Given Average Recommendation of "Buy" by Analysts

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.

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

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.