Insider Buying: NexGen Energy Ltd. (TSE:NXE) Director Buys C$15,075,000.00 in Stock

NexGen Energy Ltd. (TSE:NXE) Director Leigh Robert Curyer bought 1,500,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of C$10.05 per share, for a total transaction of C$15,075,000.00.

Leigh Robert Curyer also recently made the following trade(s):

• On Thursday, December 12th, Leigh Robert Curyer sold 1,250,000 shares of NexGen Energy stock. The stock was sold at an average price of C$11.55, for a total value of C$14,442,875.00.

NexGen Energy Stock Performance

Shares of TSE NXE opened at C$10.75 on Monday. NexGen Energy Ltd. has a 1 year low of C$7.04 and a 1 year high of C$12.51. The firm has a market cap of C$6.07 billion, a P/E ratio of 63.24 and a beta of 1.76. The stock has a fifty day moving average price of C$10.67 and a two-hundred day moving average price of C$9.53. 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 announced its 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 quarter last year, the company earned ($0.03) earnings per share. Research analysts forecast that NexGen Energy Ltd. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NXE has been the subject of a number of recent research reports. Royal Bank of Canada upped their price objective on NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Haywood Securities increased their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Cormark boosted their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Scotiabank upped their target price on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. Finally, National Bankshares lifted their price target on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$14.42.

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.