Analysts Set NexGen Energy Ltd. (TSE:NXE) Price Target at C$14.42

Shares of NexGen Energy Ltd. (TSE:NXE) have been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$14.42.

A number of research analysts have recently issued reports on the stock. Ventum Financial lifted their price objective 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. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Cormark raised their price objective on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Scotiabank upped their target price on NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. Finally, Raymond James increased their price target on NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th.

NexGen Energy Stock Down 4.5 %

TSE:NXE opened at C$11.31 on Friday. 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$12.51. The company has a 50-day moving average of C$10.49 and a 200 day moving average of C$9.54. The firm has a market cap of C$6.39 billion, a PE ratio of 66.53 and a beta of 1.76.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results 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 in the previous year, the firm earned ($0.03) EPS. As a group, research analysts anticipate that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

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.