NexGen Energy (TSE:NXE) Stock Price Expected to Rise, Haywood Securities Analyst Says

NexGen Energy (TSE:NXE) had its price objective upped by equities research analysts at Haywood Securities from C$12.50 to C$13.75 in a research note issued to investors on Wednesday,BayStreet.CA reports. Haywood Securities’ target price suggests a potential upside of 12.70% from the stock’s previous close.

NXE has been the subject of a number of other research reports. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada reduced their price objective on 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. Raymond James lifted their target price on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday. TD Securities reduced their target price on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, National Bankshares raised their target price on NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven investment 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 an average rating of “Buy” and an average price target of C$14.42.

NexGen Energy Price Performance

NXE opened at C$12.20 on Wednesday. The stock’s 50 day simple moving average is C$9.56 and its 200 day simple moving average is C$9.47. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.23. The firm has a market cap of C$6.89 billion, a price-to-earnings ratio of 70.88 and a beta of 1.76.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same period last year, the firm posted ($0.03) earnings per share. As a group, analysts predict that NexGen Energy will post -0.07 earnings per share for the current 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.