NexGen Energy (TSE:NXE) Price Target Cut to C$12.00 by Analysts at Scotiabank

NexGen Energy (TSE:NXE) had its price objective reduced by Scotiabank from C$14.50 to C$12.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on NXE. Haywood Securities lifted their target price on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Royal Bank of Canada lifted their target price on NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Cormark lifted their target price on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. TD Securities decreased their target price on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Raymond James lifted their price target on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Six research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$13.28.

NexGen Energy Stock Performance

Shares of TSE NXE opened at C$6.98 on Thursday. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. The stock has a market capitalization of C$3.95 billion, a price-to-earnings ratio of 26.73 and a beta of 1.76. The stock’s fifty day simple moving average is C$9.11 and its 200 day simple moving average is C$9.50. NexGen Energy has a 52-week low of C$6.66 and a 52-week high of C$12.51.

Insider Activity

In related news, Director Leigh Robert Curyer sold 1,250,000 shares of NexGen Energy stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$11.55, for a total transaction of C$14,442,875.00. 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.