NexGen Energy Ltd. (TSE:NXE) Receives C$13.59 Consensus PT from Brokerages

NexGen Energy Ltd. (TSE:NXEGet Free Report) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$13.59.

NXE has been the topic of several recent research reports. Raymond James increased their price target on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Haywood Securities increased their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Cormark increased their price target on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Scotiabank raised their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada raised their target price on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st.

Read Our Latest Stock Report on NXE

NexGen Energy Stock Down 4.8 %

Shares of TSE NXE opened at C$7.96 on Thursday. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.51. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The firm’s 50-day moving average price is C$9.66 and its 200-day moving average price is C$9.53. The stock has a market capitalization of C$4.50 billion, a price-to-earnings ratio of 30.48 and a beta of 1.76.

Insider Activity

In other news, Director Leigh Robert Curyer purchased 1,500,000 shares of the stock in a transaction on Friday, December 20th. The stock was bought at an average price of C$10.05 per share, with a total value of C$15,075,000.00. Company insiders own 7.96% of the company’s stock.

About NexGen Energy

(Get Free Report

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.

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Analyst Recommendations for NexGen Energy (TSE:NXE)

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