NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have earned an average rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$13.28.

NXE has been the topic of a number of analyst reports. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. National Bankshares decreased their price target on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a report on Friday, March 7th. Scotiabank decreased their price target on shares of NexGen Energy from C$14.50 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, TD Securities decreased their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, March 6th.

NexGen Energy Stock Performance

Shares of NXE opened at C$7.06 on Monday. NexGen Energy has a 1 year low of C$6.44 and a 1 year high of C$12.51. The company’s 50 day simple moving average is C$8.49 and its 200 day simple moving average is C$9.40. The company has a market capitalization of C$4.00 billion, a price-to-earnings ratio of 27.03 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16.

NexGen Energy Company Profile

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.