NexGen Energy (TSE:NXE) PT Raised to C$14.00 at Raymond James

NexGen Energy (TSE:NXE) had its target price hoisted by equities research analysts at Raymond James from C$12.00 to C$14.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 30.60% from the company’s current price.

Several other equities research analysts have also recently weighed in on NXE. Scotiabank set a C$13.50 target price on shares of NexGen Energy and gave the company an “outperform” rating in a research note on Monday, April 1st. Cormark upped their target price on NexGen Energy from C$11.50 to C$13.75 in a research note on Thursday, February 8th. Finally, Eight Capital lifted their price target on shares of NexGen Energy from C$13.00 to C$21.00 and gave the stock a “buy” rating in a research note on Monday, January 15th.

NexGen Energy Stock Up 0.6 %

NXE stock opened at C$10.72 on Tuesday. The company has a debt-to-equity ratio of 19.56, a current ratio of 11.00 and a quick ratio of 8.20. The company has a 50-day moving average of C$10.38 and a two-hundred day moving average of C$9.53. The stock has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 67.00 and a beta of 1.80. NexGen Energy has a 52-week low of C$4.75 and a 52-week high of C$12.00.

NexGen Energy (TSE:NXE) last announced its earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.06). As a group, equities research analysts anticipate that NexGen Energy will post -0.07 EPS 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.