NexGen Energy (TSE:NXE) Price Target Raised to C$13.50 at Cormark

NexGen Energy (TSE:NXE) had its price target upped by Cormark from C$13.00 to C$13.50 in a report issued on Wednesday,BayStreet.CA reports.

A number of other brokerages have also commented on NXE. Scotiabank lifted their price target on NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. National Bankshares upped their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Raymond James raised their target price on NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday. Seven investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$14.42.

NexGen Energy Price Performance

NXE stock opened at C$12.42 on Wednesday. The stock has a market cap of C$7.01 billion, a price-to-earnings ratio of 73.06 and a beta of 1.76. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. The company has a 50 day simple moving average of C$9.77 and a 200 day simple moving average of C$9.49. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.51.

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