NexGen Energy Ltd. (TSE:NXE) Receives Consensus Recommendation of “Buy” from Analysts

NexGen Energy Ltd. (TSE:NXE) has been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$13.38.

Several research analysts recently commented on the company. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Ventum Financial increased their target price on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Securities lowered their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. National Bankshares increased their price objective on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Raymond James lowered their target price on NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd.

NexGen Energy Trading Up 0.2 %

Shares of NexGen Energy stock opened at C$10.41 on Tuesday. The firm has a 50-day simple moving average of C$9.40 and a two-hundred day simple moving average of C$9.46. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.14. The company has a market cap of C$5.88 billion, a P/E ratio of 61.24 and a beta of 1.76.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the firm posted ($0.03) earnings per share. As a group, equities analysts predict that NexGen Energy will post -0.07 earnings per share 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.