Brokerages Set NexGen Energy Ltd. (TSE:NXE) PT at C$13.59

Shares of NexGen Energy Ltd. (TSE:NXEGet Free Report) have earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$13.59.

A number of equities research analysts have recently weighed in on the company. Raymond James lifted their target price on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. National Bankshares boosted 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 report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Cormark increased their price target on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Finally, Haywood Securities upped their target price on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th.

View Our Latest Stock Analysis on NexGen Energy

Insider Transactions at NexGen Energy

In other NexGen Energy news, Director Leigh Robert Curyer sold 1,250,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$11.55, for a total transaction of C$14,442,875.00. Insiders own 7.96% of the company’s stock.

NexGen Energy Stock Performance

Shares of NXE stock opened at C$9.09 on Friday. The stock has a market cap of C$5.13 billion, a P/E ratio of 53.47 and a beta of 1.76. The company has a fifty day moving average price of C$10.59 and a two-hundred day moving average price of C$9.58. NexGen Energy has a one year low of C$7.04 and a one year high of C$12.51. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20.

NexGen Energy (TSE:NXEGet Free Report) last posted its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period last year, the business earned ($0.03) earnings per share. As a group, equities analysts predict that NexGen Energy will post -0.07 EPS for the current year.

NexGen Energy Company Profile

(Get Free Report

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.

Read More

Analyst Recommendations for NexGen Energy (TSE:NXE)

Receive News & Ratings for NexGen Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexGen Energy and related companies with MarketBeat.com's FREE daily email newsletter.