NexGen Energy Ltd. (TSE:NXE) Receives C$13.59 Average Target Price from Analysts

NexGen Energy Ltd. (TSE:NXE) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$13.59.

A number of equities analysts recently commented on the company. Scotiabank increased their price objective on NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th. National Bankshares upped their target price on 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. Royal Bank of Canada lifted their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Cormark upped their price objective on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Finally, Haywood Securities raised their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th.

NexGen Energy Trading Up 3.9 %

NexGen Energy stock opened at C$9.09 on Friday. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.51. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. The stock has a market cap of C$5.13 billion, a P/E ratio of 53.47 and a beta of 1.76. The company’s fifty day simple moving average is C$10.59 and its 200-day simple moving average is C$9.58.

NexGen Energy (TSE:NXE) last issued its earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter in the previous year, the firm posted ($0.03) earnings per share. As a group, sell-side analysts forecast that NexGen Energy will post -0.07 EPS for the current fiscal year.

Insider Activity at NexGen Energy

In other news, Director Leigh Robert Curyer acquired 1,500,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were bought at an average price of C$10.05 per share, with a total value of C$15,075,000.00. 7.96% of the stock is owned by corporate 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.