Insider Selling: NexGen Energy Ltd. (TSE:NXE) Director Sells 1,250,000 Shares of Stock

NexGen Energy Ltd. (TSE:NXE) Director Leigh Robert Curyer sold 1,250,000 shares of NexGen Energy stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$11.55, for a total value of C$14,442,875.00.

NexGen Energy Trading Down 3.6 %

NexGen Energy stock opened at C$10.69 on Friday. NexGen Energy Ltd. has a one year low of C$7.04 and a one year high of C$12.51. The company’s fifty day moving average price is C$10.66 and its two-hundred day moving average price is C$9.57. 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 company has a market capitalization of C$6.04 billion, a price-to-earnings ratio of 62.88 and a beta of 1.76.

NexGen Energy (TSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the company earned ($0.03) earnings per share. On average, analysts forecast that NexGen Energy Ltd. will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NXE has been the topic of several research analyst reports. Ventum Financial lifted their target price on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada increased their target price on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Cormark boosted their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Finally, Raymond James upped their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$14.42.

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.