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

NexGen Energy Ltd. (TSE:NXE) has been given an average recommendation of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$19.75.

Separately, National Bank Financial lifted their price objective on shares of NexGen Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, April 17th.

NexGen Energy Stock Performance

Shares of NXE opened at C$13.16 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 8.20 and a debt-to-equity ratio of 42.09. The firm has a market cap of C$8.71 billion, a PE ratio of -19.35 and a beta of 1.20. The company’s 50 day simple moving average is C$14.78 and its 200-day simple moving average is C$15.68. NexGen Energy has a 12-month low of C$8.68 and a 12-month high of C$18.91.

NexGen Energy (TSE:NXE) last announced its earnings results on Tuesday, May 5th. The company reported C($0.24) EPS for the quarter. As a group, equities analysts predict that NexGen Energy will post -0.07 EPS for the current year.

About NexGen Energy

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.