NexGen Energy (TSE:NXE) Price Target Cut to C$11.50 by Analysts at Scotiabank

NexGen Energy (TSE:NXE) had its price objective reduced by Scotiabank from C$12.00 to C$11.50 in a research note released on Tuesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the stock. National Bankshares reduced their price objective on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating for the company in a research note on Friday, March 7th. Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, TD Securities cut their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Six investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$13.22.

NexGen Energy Stock Performance

Shares of NXE stock opened at C$7.10 on Tuesday. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The firm has a market cap of C$4.02 billion, a price-to-earnings ratio of 27.18 and a beta of 1.76. NexGen Energy has a 52 week low of C$6.44 and a 52 week high of C$12.51. The firm’s 50-day simple moving average is C$8.39 and its two-hundred day simple moving average is C$9.40.

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.