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

Shares of NexGen Energy Ltd. (TSE:NXE) have earned a consensus rating of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$13.28.

NXE has been the subject of several research reports. Cormark raised their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Royal Bank of Canada raised their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. National Bankshares decreased their price target on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating for the company in a report on Friday, March 7th. Finally, TD Securities decreased 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 report on Thursday, March 6th.

Insider Buying and Selling at NexGen Energy

In other news, Director Leigh Robert Curyer acquired 1,500,000 shares of NexGen Energy stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of C$10.05 per share, for a total transaction of C$15,075,000.00. Corporate insiders own 7.96% of the company’s stock.

NexGen Energy Stock Performance

NexGen Energy stock opened at C$6.73 on Monday. The firm’s 50 day simple moving average is C$8.79 and its 200-day simple moving average is C$9.46. The company has a market cap of C$3.81 billion, a P/E ratio of 25.77 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. NexGen Energy has a fifty-two week low of C$6.44 and a fifty-two week high of C$12.51.

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.