NexGen Energy (TSE:NXE) Given a C$19.00 Price Target at JPMorgan Chase & Co.

NexGen Energy (TSE:NXE) has been given a C$19.00 price objective by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 39.09% from the stock’s previous close.

NXE has been the topic of a number of other reports. Jefferies Financial Group set a C$21.00 price target on shares of NexGen Energy and gave the company a “buy” rating in a report on Thursday, September 3rd. National Bank Financial set a C$21.00 price objective on shares of NexGen Energy and gave the company an “outperform” rating in a report on Monday. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$19.88.

NexGen Energy Price Performance

NXE stock traded up C$0.58 during midday trading on Monday, hitting C$13.66. The company’s stock had a trading volume of 941,418 shares, compared to its average volume of 1,938,371. The company has a quick ratio of 8.20, a current ratio of 1.46 and a debt-to-equity ratio of 33.24. NexGen Energy has a 12 month low of C$10.36 and a 12 month high of C$18.91. The company has a 50 day moving average of C$13.87 and a two-hundred day moving average of C$15.00. The firm has a market capitalization of C$9.16 billion, a price-to-earnings ratio of -32.52 and a beta of 1.36.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Wednesday, August 5th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, analysts expect that NexGen Energy will post -0.07 EPS for the current year.

NexGen Energy Company Profile

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.