Scotiabank Increases NexGen Energy (TSE:NXE) Price Target to C$14.00

NexGen Energy (TSE:NXE) had its price target boosted by equities researchers at Scotiabank from C$12.75 to C$14.00 in a research note issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 14.75% from the stock’s previous close.

Several other research firms have also recently issued reports on NXE. TD Securities cut 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. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Raymond James cut their price target on shares of 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. Royal Bank of Canada decreased their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, National Bankshares lifted their target price on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of “Buy” and an average price target of C$14.42.

NexGen Energy Trading Up 4.7 %

Shares of NexGen Energy stock opened at C$12.20 on Wednesday. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.23. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. The firm has a market cap of C$6.89 billion, a PE ratio of 70.88 and a beta of 1.76. The company has a 50 day simple moving average of C$9.56 and a two-hundred day simple moving average of C$9.47.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period in the previous year, the company posted ($0.03) EPS. Analysts expect that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

About NexGen Energy

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.