National Bankshares Cuts NexGen Energy (TSE:NXE) Price Target to C$12.50

NexGen Energy (TSE:NXE) had its price objective cut by National Bankshares from C$13.50 to C$12.50 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on NXE. Scotiabank reduced their price target on NexGen Energy from C$14.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday. Haywood Securities boosted their price target on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. TD Securities reduced their price target on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada boosted their price target on NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Finally, Cormark boosted their price target on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Six analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$13.28.

NexGen Energy Stock Performance

NexGen Energy stock opened at C$6.98 on Friday. The stock’s 50 day moving average price is C$9.11 and its 200 day moving average price is C$9.51. The firm has a market capitalization of C$3.95 billion, a PE ratio of 26.73 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. NexGen Energy has a one year low of C$6.66 and a one year high of C$12.51.

Insider Activity

In other news, Director Leigh Robert Curyer purchased 1,500,000 shares of the stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of C$10.05 per share, for a total transaction of C$15,075,000.00. Company insiders own 7.96% of the company’s stock.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.