National Bankshares Lowers NexGen Energy (TSE:NXE) Price Target to C$12.50

NexGen Energy (TSE:NXE) had its target price reduced by equities researchers at National Bankshares from C$13.50 to C$12.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 79.08% from the stock’s previous close.

A number of other research analysts have also weighed in on NXE. Scotiabank cut their target price on shares of NexGen Energy from C$14.50 to C$12.00 and set an “outperform” rating for the company in a report on Thursday. Raymond James raised their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Haywood Securities raised their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. TD Securities cut their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Thursday. Finally, Royal Bank of Canada raised their target price on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Six research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$13.28.

NexGen Energy Trading Down 1.4 %

NexGen Energy stock opened at C$6.98 on Friday. The stock has a market cap of C$3.95 billion, a P/E ratio of 26.73 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. NexGen Energy has a 1 year low of C$6.66 and a 1 year high of C$12.51. The firm’s 50 day moving average price is C$9.11 and its 200-day moving average price is C$9.50.

Insiders Place Their Bets

In other NexGen Energy news, Director Leigh Robert Curyer bought 1,500,000 shares of the firm’s stock in a transaction dated 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. 7.96% of the stock is owned by insiders.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.