Haywood Securities Issues Positive Forecast for NexGen Energy (TSE:NXE) Stock Price

NexGen Energy (TSE:NXE) had its price objective lifted by Haywood Securities from C$12.50 to C$13.75 in a research report released on Wednesday,BayStreet.CA reports.

Several other brokerages have also recently weighed in on NXE. 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 on the stock in a research note on Monday, August 12th. Ventum Financial increased their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Scotiabank increased their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, TD Securities decreased 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 note on Thursday, August 8th. Seven investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$14.42.

NexGen Energy Stock Performance

TSE:NXE opened at C$12.42 on Wednesday. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.51. 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 firm has a market capitalization of C$7.01 billion, a PE ratio of 71.76 and a beta of 1.76. The firm has a 50-day moving average price of C$9.66 and a 200 day moving average price of C$9.48.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same period in the previous year, the business earned ($0.03) EPS. Research analysts anticipate 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.