Cormark Increases NexGen Energy (TSE:NXE) Price Target to C$13.50

NexGen Energy (TSE:NXE) had its price objective increased by stock analysts at Cormark from C$13.00 to C$13.50 in a research note issued on Wednesday,BayStreet.CA reports. Cormark’s price target suggests a potential upside of 10.66% from the stock’s current price.

A number of other brokerages have also recently issued reports on NXE. Haywood Securities raised their price objective on NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday. TD Securities decreased their price objective on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Scotiabank lifted their price objective on NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday. Raymond James lifted their price objective on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday. Finally, Ventum Financial boosted their price target on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$14.42.

NexGen Energy Trading Up 4.7 %

NexGen Energy stock opened at C$12.20 on Wednesday. The stock has a market cap of C$6.89 billion, a P/E ratio of 70.88 and a beta of 1.76. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.23. The firm’s fifty day moving average price is C$9.56 and its 200-day moving average price is C$9.47. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20.

NexGen Energy (TSE:NXE) last released its earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the company earned ($0.03) earnings per share. Equities research analysts forecast 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.