NexGen Energy (TSE:NXE) Price Target Raised to C$14.00

NexGen Energy (TSE:NXE) had its target price raised by Scotiabank from C$12.75 to C$14.00 in a research report released on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also weighed in on NXE. TD Securities dropped their price objective 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. Cormark decreased their target price on shares of NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Raymond James decreased their target price 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. Ventum Financial upped their target price 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. Finally, Royal Bank of Canada decreased their price objective 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. Seven research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NexGen Energy presently has a consensus rating of “Buy” and an average price target of C$14.42.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at C$12.42 on Wednesday. The firm has a market cap of C$7.01 billion, a PE ratio of 71.76 and a beta of 1.76. The firm’s 50-day simple moving average is C$9.66 and its 200-day simple moving average is C$9.48. 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 1 year low of C$7.04 and a 1 year high of C$12.51.

NexGen Energy (TSE:NXE) last issued its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the business posted ($0.03) EPS. Equities 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.