NexGen Energy Ltd. (TSE:NXE) Receives C$14.42 Consensus Target Price from Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have earned a consensus rating of “Buy” from the ten brokerages that are covering the company, Marketbeat.com 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 12-month price target among brokers that have updated their coverage on the stock in the last year is C$14.42.

Several research analysts recently issued reports on the stock. 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. Cormark lifted their price objective on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Raymond James upped their target price on NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Scotiabank lifted their price target on NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. Finally, National Bankshares boosted 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.

NexGen Energy Trading Down 5.1 %

Shares of TSE:NXE opened at C$10.14 on Wednesday. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a 52-week low of C$7.04 and a 52-week high of C$12.51. The stock has a market cap of C$5.73 billion, a price-to-earnings ratio of 59.65 and a beta of 1.76. The business has a 50-day moving average price of C$10.67 and a 200-day moving average price of C$9.54.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period in the prior year, the firm earned ($0.03) EPS. Equities analysts predict that NexGen Energy will post -0.07 EPS for the current year.

Insider Activity

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

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.