NexGen Energy (TSE:NXE) Price Target Raised to C$13.75

NexGen Energy (TSE:NXE) had its target price hoisted by Haywood Securities from C$12.50 to C$13.75 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Other research analysts have also issued reports about the company. TD Securities cut their price objective on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. National Bankshares lifted their target price on NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada dropped their target price on NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Ventum Financial lifted their price target on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$14.42.

NexGen Energy Stock Performance

TSE NXE opened at C$12.42 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. The business’s 50 day moving average is C$9.66 and its two-hundred day moving average is C$9.48. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.51. The stock has a market capitalization of C$7.01 billion, a price-to-earnings ratio of 71.76 and a beta of 1.76.

NexGen Energy (TSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter in the previous year, the business posted ($0.03) earnings per share. Research analysts expect that NexGen Energy will post -0.07 EPS 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.