National Bankshares Cuts NexGen Energy (TSE:NXE) Price Target to C$12.50

NexGen Energy (TSE:NXE) had its price objective lowered by equities researchers at National Bankshares from C$13.50 to C$12.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 79.08% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Scotiabank decreased their price objective on NexGen Energy from C$14.50 to C$12.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities decreased their price objective on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Thursday. Haywood Securities lifted their price objective on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Finally, Raymond James lifted their price objective on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Six 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, the stock presently has a consensus rating of “Buy” and an average price target of C$13.28.

NexGen Energy Stock Performance

NXE stock opened at C$6.98 on Friday. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. The business has a 50-day moving average price of C$9.11 and a 200 day moving average price of C$9.50. The company has a market capitalization of C$3.95 billion, a P/E ratio of 26.73 and a beta of 1.76. NexGen Energy has a 1-year low of C$6.66 and a 1-year high of C$12.51.

Insiders Place Their Bets

In other NexGen Energy news, Director Leigh Robert Curyer purchased 1,500,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is currently owned by corporate insiders.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.