NexGen Energy (TSE:NXE) PT Raised to C$13.00

NexGen Energy (TSE:NXE) had its price target lifted by analysts at National Bankshares from C$11.00 to C$13.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 24.28% from the company’s previous close.

Several other brokerages have also recently issued reports on NXE. Royal Bank of Canada lowered their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Ventum Financial upped their price target on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Raymond James decreased their target price 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. Finally, 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 report on Thursday, August 8th. Seven analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$13.38.

NexGen Energy Stock Down 0.2 %

Shares of NXE stock opened at C$10.46 on Thursday. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.14. 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 business’s fifty day moving average is C$8.79 and its 200-day moving average is C$9.54. The stock has a market cap of C$5.91 billion, a PE ratio of 61.53 and a beta of 1.76.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, August 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. Equities 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.