NexGen Energy Ltd. (TSE:NXE) Receives C$13.59 Average Target Price from Analysts

NexGen Energy Ltd. (TSE:NXE) has been assigned an average recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$13.59.

A number of equities research analysts recently weighed in on NXE shares. Royal Bank of Canada boosted 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 boosted their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Raymond James boosted their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Scotiabank boosted their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. Finally, Haywood Securities boosted their price target on shares of NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th.

NexGen Energy Stock Performance

TSE:NXE opened at C$7.89 on Thursday. The company has a fifty day simple moving average of C$9.66 and a two-hundred day simple moving average of C$9.54. The company has a market cap of C$4.47 billion, a price-to-earnings ratio of 30.21 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. NexGen Energy has a 52 week low of C$7.04 and a 52 week high of C$12.51.

Insider Activity at NexGen Energy

In other news, Director Leigh Robert Curyer purchased 1,500,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average cost of C$10.05 per share, with a total value of C$15,075,000.00. Company insiders own 7.96% of the company’s stock.

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.