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

NexGen Energy Ltd. (TSE:NXE) has received an average recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$14.42.

NXE has been the topic of several recent analyst reports. Cormark boosted their target price on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Haywood Securities boosted their price target on shares of NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. National Bankshares lifted their price objective on shares of NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Raymond James raised their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Finally, Scotiabank upped their price target on NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th.

NexGen Energy Stock Up 2.1 %

NexGen Energy stock opened at C$10.75 on Wednesday. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. NexGen Energy has a one year low of C$7.04 and a one year high of C$12.51. The company has a 50-day simple moving average of C$10.67 and a 200-day simple moving average of C$9.53. The firm has a market capitalization of C$6.07 billion, a P/E ratio of 63.24 and a beta of 1.76.

NexGen Energy (TSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the previous year, the company earned ($0.03) earnings per share. As a group, equities analysts expect that NexGen Energy will post -0.07 earnings per share for the current year.

Insider Transactions at NexGen Energy

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

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.