NexGen Energy (TSE:NXE) Price Target Lowered to C$13.50 at Raymond James

NexGen Energy (TSE:NXE) had its price target lowered by Raymond James from C$14.00 to C$13.50 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

NXE has been the topic of a number of other research reports. Scotiabank set a C$13.50 price target on shares of NexGen Energy and gave the company an outperform rating in a report on Monday, April 1st. Cormark raised their price target on shares of NexGen Energy from C$11.50 to C$13.75 in a report on Thursday, February 8th. Finally, Eight Capital raised their price target on shares of NexGen Energy from C$13.00 to C$21.00 and gave the company a buy rating in a report on Monday, January 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, NexGen Energy currently has an average rating of Buy and an average target price of C$13.34.

NexGen Energy Trading Up 2.5 %

TSE NXE opened at C$10.74 on Wednesday. The company has a current ratio of 11.00, a quick ratio of 8.20 and a debt-to-equity ratio of 19.56. NexGen Energy has a 1-year low of C$4.91 and a 1-year high of C$12.00. The firm’s fifty day simple moving average is C$10.48 and its 200-day simple moving average is C$9.64. The company has a market capitalization of C$5.79 billion, a PE ratio of 67.13 and a beta of 1.82.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.06). As a group, sell-side analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.