NexGen Energy Ltd. (TSE:NXE) Receives C$14.42 Consensus PT from Brokerages

NexGen Energy Ltd. (TSE:NXE) has received an average recommendation of “Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$14.42.

NXE has been the subject of several recent research reports. Royal Bank of Canada lifted their price objective on NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Scotiabank increased their price objective on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. National Bankshares lifted their price objective on shares of 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. Haywood Securities raised their price target on NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Finally, Raymond James increased their price objective on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th.

NexGen Energy Stock Performance

TSE:NXE opened at C$10.75 on Wednesday. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.51. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The company has a 50 day moving average price of C$10.67 and a 200 day moving average price of C$9.53. The stock has a market capitalization of C$6.07 billion, a P/E ratio of 63.24 and a beta of 1.76.

NexGen Energy (TSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share 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. Equities research analysts forecast that NexGen Energy will post -0.07 EPS for the current year.

Insiders Place Their Bets

In other NexGen Energy news, Director Leigh Robert Curyer sold 1,250,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$11.55, for a total transaction of C$14,442,875.00. 7.96% of the stock is currently owned by insiders.

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.