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 research firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$13.38.

A number of brokerages recently commented on NXE. Cormark cut their target price on NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. Royal Bank of Canada cut their target price on NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. TD Securities cut 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 note on Thursday, August 8th. Ventum Financial upped their target price on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd.

NexGen Energy Price Performance

The company has a market capitalization of C$5.92 billion, a PE ratio of 61.47 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. The stock’s 50-day moving average is C$8.74 and its 200 day moving average is C$9.55. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.14.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. Sell-side analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current year.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.