Analysts Set NexGen Energy Ltd. (TSE:NXE) Price Target at C$13.38

NexGen Energy Ltd. (TSE:NXE) has received an average recommendation of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$13.38.

A number of analysts recently commented on NXE shares. Raymond James dropped their price objective on NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. 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. Ventum Financial lifted their price target on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Royal Bank of Canada lowered their price target on NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, August 12th.

NexGen Energy Price Performance

NexGen Energy stock opened at C$10.39 on Tuesday. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.14. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. The business has a 50 day simple moving average of C$9.31 and a 200-day simple moving average of C$9.47. The stock has a market capitalization of C$5.87 billion, a PE ratio of 60.41 and a beta of 1.76.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) 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 posted ($0.03) earnings per share. Equities analysts predict that NexGen Energy will post -0.07 earnings per share for the current year.

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.