NexGen Energy (TSE:NXE) Sets New 12-Month Low – Should You Sell?

NexGen Energy Ltd. (TSE:NXE)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$6.17 and last traded at C$6.32, with a volume of 414637 shares traded. The stock had previously closed at C$6.49.

Wall Street Analysts Forecast Growth

NXE has been the subject of a number of recent analyst reports. Scotiabank decreased their price target on NexGen Energy from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. National Bankshares cut their price target 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, TD Securities reduced their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Six analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$13.22.

NexGen Energy Trading Down 2.2 %

The company has a market cap of C$3.59 billion, a price-to-earnings ratio of 24.31 and a beta of 1.76. The company’s 50 day moving average price is C$8.21 and its 200 day moving average price is C$9.38. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16.

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.