NexGen Energy (TSE:NXE) Price Target Raised to C$15.00

NexGen Energy (TSE:NXE) had its target price raised by research analysts at Royal Bank of Canada from C$10.00 to C$15.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 20.77% from the company’s previous close.

Several other equities analysts have also commented on NXE. Cormark increased their target price on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday. Haywood Securities upped their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday. TD Securities decreased their price objective on shares of 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 price objective on shares of 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 Bankshares upped their price objective on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NexGen Energy currently has an average rating of “Buy” and an average target price of C$14.42.

NexGen Energy Stock Up 1.8 %

NexGen Energy stock opened at C$12.42 on Thursday. The firm has a market capitalization of C$7.01 billion, a P/E ratio of 71.76 and a beta of 1.76. The stock’s fifty day simple moving average is C$9.66 and its 200-day simple moving average is C$9.48. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.51.

NexGen Energy (TSE:NXE) last posted its earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the previous year, the firm earned ($0.03) earnings per share. As a group, equities 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.