NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has received an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$19.18.

NXE has been the topic of a number of recent research reports. National Bank Financial raised their price objective on shares of NexGen Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Royal Bank Of Canada raised their price target on shares of NexGen Energy from C$15.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Stifel Nicolaus raised their price target on shares of NexGen Energy from C$22.00 to C$30.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Scotiabank raised their price target on shares of NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Raymond James Financial raised their price target on shares of NexGen Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th.

NexGen Energy Trading Up 1.7%

TSE:NXE opened at C$14.75 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 8.20 and a debt-to-equity ratio of 42.09. The stock has a market capitalization of C$9.76 billion, a price-to-earnings ratio of -21.69 and a beta of 1.15. The firm has a fifty day simple moving average of C$16.24 and a two-hundred day simple moving average of C$15.09. NexGen Energy has a 12 month low of C$7.91 and a 12 month high of C$18.91.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C($0.24) EPS for the quarter. Analysts expect that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.