National Bankshares Raises NexGen Energy (TSE:NXE) Price Target to C$13.00

NexGen Energy (TSE:NXE) had its target price hoisted by National Bankshares from C$11.00 to C$13.00 in a research note released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. TD Securities reduced their target price on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Scotiabank dropped their price target on NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, August 19th. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. Finally, Raymond James decreased their price objective on NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, NexGen Energy currently has a consensus rating of “Buy” and an average target price of C$13.38.

NexGen Energy Price Performance

TSE:NXE opened at C$10.46 on Thursday. NexGen Energy has a 52-week low of C$7.04 and a 52-week high of C$12.14. The stock has a fifty day moving average of C$8.79 and a 200 day moving average of C$9.54. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The firm has a market capitalization of C$5.91 billion, a price-to-earnings ratio of 61.53 and a beta of 1.76.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. On average, research analysts expect that NexGen Energy will post -0.07 EPS for the current fiscal year.

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.