NexGen Energy Ltd. (TSE:NXE) Receives C$13.38 Consensus Target Price from Analysts

Shares of NexGen Energy Ltd. (TSE:NXE) have earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$13.38.

A number of research analysts recently commented on the stock. Scotiabank dropped their target price on shares of NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th. Ventum Financial lifted their target price on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Royal Bank of Canada reduced their target price on 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. Cormark dropped their price target on NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. Finally, National Bankshares boosted their price objective on 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.

NexGen Energy Trading Up 0.2 %

NXE opened at C$10.41 on Tuesday. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. NexGen Energy has a one year low of C$7.04 and a one year high of C$12.14. The company has a market cap of C$5.88 billion, a P/E ratio of 61.24 and a beta of 1.76. The business’s 50-day simple moving average is C$9.40 and its 200-day simple moving average is C$9.46.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the prior year, the firm posted ($0.03) EPS. As a group, equities 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.