NexGen Energy Ltd. (TSE:NXE) Receives C$13.22 Average Price Target from Brokerages

NexGen Energy Ltd. (TSE:NXE) has been given a consensus rating of “Buy” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$13.22.

Several analysts recently commented on NXE shares. TD Securities decreased 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 note on Thursday, March 6th. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. National Bankshares lowered their target price on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a report on Friday, March 7th. Finally, Scotiabank cut their price target on shares of NexGen Energy from C$12.00 to C$11.50 and set an “outperform” rating for the company in a report on Tuesday, March 25th.

NexGen Energy Stock Up 5.0 %

Shares of NXE opened at C$6.46 on Friday. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. The company has a 50-day moving average price of C$7.35 and a two-hundred day moving average price of C$9.24. The stock has a market cap of C$3.66 billion, a price-to-earnings ratio of 24.73 and a beta of 1.76. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$12.51.

NexGen Energy Company Profile

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.