NexGen Energy Ltd. (TSE:NXE) Receives Average Rating of “Buy” from Brokerages

NexGen Energy Ltd. (TSE:NXE) has been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$13.22.

NXE has been the subject of several research reports. TD Securities reduced their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. National Bankshares cut their price objective on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a report on Friday, March 7th. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Scotiabank cut their price objective on shares of NexGen Energy from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a report on Tuesday, March 25th.

NexGen Energy Stock Performance

TSE NXE opened at C$8.76 on Friday. The company has a fifty day simple moving average of C$7.25 and a 200 day simple moving average of C$8.61. NexGen Energy has a 12-month low of C$5.59 and a 12-month high of C$12.51. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The company has a market cap of C$4.96 billion, a P/E ratio of 33.54 and a beta of 1.76.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.