NexGen Energy (TSE:NXE) Issues Earnings Results

NexGen Energy (TSE:NXE) released its quarterly earnings results on Monday. The company reported C($0.06) EPS for the quarter, FiscalAI reports.

NexGen Energy Price Performance

NexGen Energy stock opened at C$11.80 on Wednesday. The business’s 50-day simple moving average is C$12.70 and its 200 day simple moving average is C$14.73. The company has a quick ratio of 8.20, a current ratio of 1.46 and a debt-to-equity ratio of 33.24. The stock has a market cap of C$7.91 billion, a price-to-earnings ratio of -28.10 and a beta of 1.88. NexGen Energy has a 12-month low of C$10.36 and a 12-month high of C$18.91.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group started coverage on shares of NexGen Energy in a research note on Thursday, September 3rd. They issued a “buy” rating and a C$21.00 target price for the company. National Bank Financial set a C$21.00 price target on shares of NexGen Energy and gave the stock an “outperform” rating in a research report on Monday, September 21st. Finally, JPMorgan Chase & Co. set a C$19.00 price objective on shares of NexGen Energy and gave the stock an “overweight” rating in a report on Monday, September 21st. Eight analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$21.00.

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.