NexGen Energy Ltd. (TSE:NXE) Receives C$14.42 Consensus Target Price from Analysts

Shares of NexGen Energy Ltd. (TSE:NXE) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$14.42.

A number of research firms have recently commented on NXE. Scotiabank raised their target price on NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. Cormark boosted their price objective on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Ventum Financial increased their target price on 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. Royal Bank of Canada boosted their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Finally, 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.

NexGen Energy Trading Down 4.5 %

NexGen Energy stock opened at C$11.31 on Friday. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. The firm has a market cap of C$6.39 billion, a PE ratio of 66.53 and a beta of 1.76. The stock’s 50 day simple moving average is C$10.49 and its two-hundred day simple moving average is C$9.54. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.51.

NexGen Energy (TSE:NXE) last announced its quarterly 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 period in the previous year, the firm earned ($0.03) EPS. Analysts anticipate that NexGen Energy will post -0.07 earnings per share 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.