Scotiabank Raises NexGen Energy (TSE:NXE) Price Target to C$14.00

NexGen Energy (TSE:NXE) had its price target increased by investment analysts at Scotiabank from C$12.75 to C$14.00 in a research note issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 14.75% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. Cormark lowered their price target on NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Ventum Financial increased their price target on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Raymond James cut their price target on NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada decreased their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, National Bankshares raised their target price on shares of NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, NexGen Energy currently has a consensus rating of “Buy” and an average price target of C$14.42.

NexGen Energy Stock Performance

Shares of NXE stock opened at C$12.20 on Wednesday. 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 has a 52 week low of C$7.04 and a 52 week high of C$12.23. The company’s 50 day moving average price is C$9.56 and its two-hundred day moving average price is C$9.47. The company has a market capitalization of C$6.89 billion, a P/E ratio of 70.88 and a beta of 1.76.

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