NexGen Energy Ltd. (TSE:NXE) Receives Average Rating of “Buy” from Analysts

NexGen Energy Ltd. (TSE:NXE) has earned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$14.61.

A number of equities research analysts recently issued reports on NXE shares. Stifel Nicolaus increased their price target on NexGen Energy from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. TD Securities raised their target price on NexGen Energy from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Friday, August 8th. Scotiabank raised their target price on NexGen Energy from C$12.00 to C$14.00 in a report on Tuesday, October 14th. Canaccord Genuity Group raised their target price on NexGen Energy from C$16.00 to C$18.50 in a report on Friday. Finally, National Bankshares raised their target price on NexGen Energy from C$12.00 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th.

Insider Buying and Selling at NexGen Energy

In other NexGen Energy news, Director Richard J. Patricio sold 125,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of C$9.40, for a total value of C$1,175,000.00. Following the sale, the director owned 1,269,900 shares of the company’s stock, valued at approximately C$11,937,060. This trade represents a 8.96% decrease in their position. Corporate insiders own 7.96% of the company’s stock.

NexGen Energy Trading Up 3.3%

Shares of TSE:NXE opened at C$12.21 on Tuesday. The company has a market capitalization of C$7.58 billion, a P/E ratio of -37.00 and a beta of 1.57. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$13.75. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. The business’s 50 day simple moving average is C$11.25 and its 200 day simple moving average is C$9.37.

About NexGen Energy

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.