NexGen Energy Ltd. (TSE:NXE – Get Free Report) was down 0.6% during trading on Friday . The stock traded as low as C$7.86 and last traded at C$7.87. Approximately 35,577 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 1,995,301 shares. The stock had previously closed at C$7.92.
Analyst Upgrades and Downgrades
Several analysts recently commented on NXE shares. Scotiabank reduced their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, August 19th. Royal Bank of Canada cut their target price on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Ventum Cap Mkts upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Ventum Financial lifted their target price on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, 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, August 8th. Eight equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$12.75.
Check Out Our Latest Stock Report on NXE
NexGen Energy Trading Down 1.9 %
NexGen Energy (TSE:NXE – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. Equities analysts expect that NexGen Energy Ltd. will post -0.07 earnings per share for the current year.
Insider Activity at NexGen Energy
In related news, Director Bradley John Wall sold 188,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of C$7.42, for a total value of C$1,395,336.00. 7.96% of the stock is owned by insiders.
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.
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