Brokerages Set NexGen Energy Ltd. (TSE:NXE) PT at C$13.38

NexGen Energy Ltd. (TSE:NXE) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$13.38.

NXE has been the subject of a number of recent analyst reports. National Bankshares raised their price target on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Scotiabank reduced their price target on NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th. Ventum Financial raised their price target on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. TD Securities reduced their target price on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Raymond James reduced their target price on NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd.

NexGen Energy Stock Performance

Shares of TSE NXE opened at C$10.39 on Tuesday. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The firm has a market cap of C$5.87 billion, a price-to-earnings ratio of 60.41 and a beta of 1.76. The business’s 50-day simple moving average is C$9.31 and its 200-day simple moving average is C$9.47. NexGen Energy has a 52 week low of C$7.04 and a 52 week high of C$12.14.

NexGen Energy (TSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the previous year, the company posted ($0.03) earnings per share. As a group, equities research analysts expect that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

About NexGen Energy

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.