NexGen Energy Ltd. (TSE:NXE) Given Consensus Rating of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$13.59.

NXE has been the subject of several research analyst reports. Raymond James raised their price target on NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. National Bankshares raised their target price on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Scotiabank boosted their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday, November 20th. Royal Bank of Canada raised their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Finally, Haywood Securities upped their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th.

NexGen Energy Trading Down 2.7 %

TSE NXE opened at C$10.38 on Friday. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. The stock has a market capitalization of C$5.86 billion, a P/E ratio of 61.06 and a beta of 1.76. The firm’s 50-day moving average is C$10.63 and its two-hundred day moving average is C$9.59. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.51.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period in the previous year, the firm earned ($0.03) EPS. On average, sell-side analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Leigh Robert Curyer sold 1,250,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$11.55, for a total value of C$14,442,875.00. 7.96% of the stock is owned by insiders.

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.