NexGen Energy (TSE:NXE) Releases Earnings Results

NexGen Energy (TSE:NXE) announced its quarterly earnings data on Tuesday. The company reported C($0.24) earnings per share (EPS) for the quarter, FiscalAI reports.

NexGen Energy Stock Performance

Shares of TSE NXE opened at C$17.40 on Thursday. The firm’s fifty day moving average is C$16.59 and its two-hundred day moving average is C$14.82. NexGen Energy has a 52-week low of C$7.35 and a 52-week high of C$18.91. The company has a market cap of C$11.50 billion, a P/E ratio of -32.83 and a beta of 1.15. The company has a debt-to-equity ratio of 32.03, a quick ratio of 8.20 and a current ratio of 1.82.

Wall Street Analyst Weigh In

NXE has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of NexGen Energy from C$22.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Scotiabank raised their price target on NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Raymond James Financial boosted their price objective on 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. Royal Bank Of Canada increased their target price on NexGen Energy from C$15.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, UBS Group set a C$20.00 target price on NexGen Energy and gave the company a “buy” rating in a research note on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$19.18.

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.