TD Securities Boosts NexGen Energy (TSE:NXE) Price Target to C$15.00

NexGen Energy (TSE:NXE) had its price target raised by equities researchers at TD Securities from C$12.00 to C$15.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 26.69% from the company’s current price.

A number of other research firms have also issued reports on NXE. Canaccord Genuity Group boosted their target price on shares of NexGen Energy from C$16.00 to C$18.50 in a research note on Friday, October 17th. National Bankshares boosted their price target on NexGen Energy from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Stifel Nicolaus increased their price target on NexGen Energy from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. BMO Capital Markets lifted their price objective on shares of NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. Finally, Scotiabank increased their target price on shares of NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$15.16.

NexGen Energy Stock Performance

NXE stock opened at C$11.84 on Tuesday. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$13.75. The stock has a market capitalization of C$7.35 billion, a price-to-earnings ratio of -35.88 and a beta of 1.57. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The stock’s fifty day moving average is C$11.34 and its two-hundred day moving average is C$9.40.

Insider Activity at NexGen Energy

In related news, Director Richard J. Patricio sold 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of C$9.40, for a total value of C$1,175,000.00. Following the sale, the director directly owned 1,269,900 shares in the company, valued at C$11,937,060. The trade was a 8.96% decrease in their position. 7.96% of the stock is owned by insiders.

About NexGen Energy

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.