Raymond James Increases NexGen Energy (TSE:NXE) Price Target to C$13.50

NexGen Energy (TSE:NXEFree Report) had its price target increased by Raymond James from C$12.00 to C$13.50 in a report published on Wednesday morning,BayStreet.CA reports. Raymond James also issued estimates for NexGen Energy’s FY2024 earnings at ($0.07) EPS and FY2025 earnings at ($0.09) EPS.

A number of other research firms also recently issued reports on NXE. TD Securities dropped their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Cormark cut their target price on shares of NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada lowered their price target on NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, Ventum Financial boosted their price objective 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 analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$14.42.

Check Out Our Latest Report on NexGen Energy

NexGen Energy Stock Performance

NexGen Energy stock opened at C$12.42 on Wednesday. NexGen Energy has a 52 week low of C$7.04 and a 52 week high of C$12.51. The stock has a fifty day moving average price of C$9.77 and a 200 day moving average price of C$9.49. The firm has a market capitalization of C$7.01 billion, a P/E ratio of 73.06 and a beta of 1.76. 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 (TSE:NXEGet Free Report) last issued 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 period last year, the firm earned ($0.03) earnings per share. Equities research analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current year.

About NexGen Energy

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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.

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Analyst Recommendations for NexGen Energy (TSE:NXE)

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