NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have received an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$13.59.

Several analysts recently commented on the company. Raymond James boosted their price target on NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Cormark boosted their price target on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Scotiabank boosted their price target on NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. National Bankshares boosted their price target 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. Finally, Haywood Securities boosted their price target on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th.

Insider Activity

In other news, Director Leigh Robert Curyer sold 1,250,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$11.55, for a total value of C$14,442,875.00. Corporate insiders own 7.96% of the company’s stock.

NexGen Energy Stock Down 3.8 %

Shares of NXE opened at C$8.41 on Thursday. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. NexGen Energy has a one year low of C$7.04 and a one year high of C$12.51. The stock has a market capitalization of C$4.76 billion, a price-to-earnings ratio of 32.20 and a beta of 1.76. The stock has a 50 day moving average price of C$9.77 and a 200 day moving average price of C$9.55.

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.