NexGen Energy Ltd. (TSE:NXE) Receives C$13.13 Consensus PT from Analysts

NexGen Energy Ltd. (TSE:NXE) has earned an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$13.13.

A number of equities analysts have weighed in on NXE shares. Ventum Financial upped their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Royal Bank of Canada dropped their target price on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Cormark decreased their price target on NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. National Bankshares set a C$11.00 price objective on NexGen Energy and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Finally, Scotiabank cut their target price on NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th.

NexGen Energy Stock Performance

TSE:NXE opened at C$11.49 on Friday. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The stock has a 50-day simple moving average of C$8.55 and a two-hundred day simple moving average of C$9.53. The firm has a market capitalization of C$6.49 billion, a PE ratio of 67.59 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.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. Analysts forecast 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.