NexGen Energy (TSE:NXE) Price Target Lowered to C$12.00 at Scotiabank

NexGen Energy (TSE:NXE) had its target price dropped by investment analysts at Scotiabank from C$14.50 to C$12.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 69.73% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Raymond James boosted their price objective on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. TD Securities cut their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday. Haywood Securities raised their price target on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Finally, Cormark raised their target price on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Six analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NexGen Energy presently has a consensus rating of “Buy” and an average target price of C$13.34.

NexGen Energy Stock Down 0.7 %

Shares of NexGen Energy stock traded down C$0.05 during midday trading on Thursday, reaching C$7.07. 1,281,897 shares of the company’s stock traded hands, compared to its average volume of 1,739,432. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. NexGen Energy has a 52 week low of C$6.66 and a 52 week high of C$12.51. The company’s 50 day simple moving average is C$9.23 and its 200 day simple moving average is C$9.52. The company has a market cap of C$4.00 billion, a price-to-earnings ratio of 27.07 and a beta of 1.76.

Insiders Place Their Bets

In related news, Director Leigh Robert Curyer bought 1,500,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of C$10.05 per share, with a total value of C$15,075,000.00. Corporate insiders own 7.96% of the company’s stock.

NexGen Energy Company Profile

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.