Scotiabank Cuts NexGen Energy (TSE:NXE) Price Target to C$11.50

NexGen Energy (TSE:NXE) had its price target reduced by Scotiabank from C$12.00 to C$11.50 in a report issued on Tuesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other analysts also recently issued reports on NXE. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. 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 research note on Friday, March 7th. Finally, TD Securities decreased their target price on 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 equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$13.22.

NexGen Energy Stock Performance

TSE NXE opened at C$6.91 on Tuesday. The company has a market cap of C$3.91 billion, a P/E ratio of 26.46 and a beta of 1.76. The business’s 50 day moving average price is C$8.28 and its 200-day moving average price is C$9.38. NexGen Energy has a fifty-two week low of C$6.44 and a fifty-two week high of C$12.51. 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.