NexGen Energy (TSE:NXE) Price Target Raised to C$13.50 at Raymond James

NexGen Energy (TSE:NXE) had its price objective lifted by research analysts at Raymond James from C$12.00 to C$13.50 in a note issued to investors on Wednesday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 10.66% from the company’s previous close. Raymond James also issued estimates for NexGen Energy’s FY2024 earnings at ($0.07) EPS.

A number of other analysts have also weighed in on the company. Scotiabank raised their target price on NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday. National Bankshares raised 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 research report on Thursday, October 24th. TD Securities reduced 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 report on Thursday, August 8th. Cormark lowered their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Finally, Ventum Financial upped their price objective on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Seven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$14.42.

NexGen Energy Stock Performance

TSE NXE opened at C$12.20 on Wednesday. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.23. 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 stock has a market cap of C$6.89 billion, a P/E ratio of 70.88 and a beta of 1.76. The company’s 50-day simple moving average is C$9.56 and its 200 day simple moving average is C$9.47.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter in the prior year, the business earned ($0.03) earnings per share. As a group, research analysts forecast that NexGen Energy will post -0.07 earnings per share for the current fiscal 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.