NexGen Energy (TSE:NXE) Hits New 12-Month High – Here’s What Happened

NexGen Energy Ltd. (TSE:NXE) shares reached a new 52-week high on Thursday . The stock traded as high as C$16.17 and last traded at C$16.00, with a volume of 2167211 shares traded. The stock had previously closed at C$15.55.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NXE shares. Haywood Securities lifted their price objective on NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th. Scotiabank boosted their price target on NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. TD Securities increased their price objective on NexGen Energy from C$12.00 to C$15.00 in a research note on Tuesday, October 21st. Stifel Nicolaus raised their price objective on NexGen Energy from C$17.00 to C$20.00 in a report on Tuesday, October 21st. Finally, Canaccord Genuity Group lifted their target price on shares of NexGen Energy from C$16.00 to C$18.50 in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$16.25.

NexGen Energy Stock Performance

The stock has a 50-day moving average of C$12.91 and a 200 day moving average of C$11.56. The stock has a market cap of C$10.83 billion, a PE ratio of -28.03 and a beta of 1.41. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. Equities analysts predict that NexGen Energy Ltd. will post -0.07 EPS for the current fiscal year.

NexGen Energy Company Profile

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.