NexGen Energy Ltd. (TSE:NXE) Given Average Recommendation of “Buy” by Analysts

Shares of NexGen Energy Ltd. (TSE:NXE) have been given a consensus rating of “Buy” by the five research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$15.27.

NXE has been the subject of a number of research reports. Canaccord Genuity Group upped their price objective on NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. Scotiabank boosted their price target on NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. BMO Capital Markets upped their price target on shares of NexGen Energy from C$14.00 to C$16.00 in a research report on Friday, October 17th. TD Securities raised their price objective on shares of NexGen Energy from C$12.00 to C$15.00 in a report on Tuesday, October 21st. Finally, Haywood Securities upped their target price on shares of NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th.

NexGen Energy Trading Up 0.8%

Shares of NXE stock opened at C$11.43 on Friday. NexGen Energy has a 12-month low of C$5.59 and a 12-month high of C$13.96. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The firm’s 50 day moving average is C$12.14 and its 200 day moving average is C$10.11. The stock has a market capitalization of C$7.48 billion, a P/E ratio of -19.37 and a beta of 1.51.

NexGen Energy (TSE:NXE) last announced its earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share for the quarter. Research analysts expect that NexGen Energy will post -0.07 earnings per share for the current year.

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.