NexGen Energy Ltd. (TSE:NXE) Receives C$15.75 Average Price Target from Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have earned a consensus rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$15.75.

Several analysts have issued reports on NXE shares. TD Securities upped their price objective on NexGen Energy from C$12.00 to C$15.00 in a research note on Tuesday, October 21st. Scotiabank boosted their price target on NexGen Energy from C$12.00 to C$14.00 in a report on Tuesday, October 14th. Stifel Nicolaus raised their price objective on NexGen Energy from C$17.00 to C$20.00 in a research note on Tuesday, October 21st. National Bankshares lifted their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Finally, Canaccord Genuity Group boosted their target price on shares of NexGen Energy from C$16.00 to C$18.50 in a research note on Friday, October 17th.

NexGen Energy Trading Down 2.1%

TSE NXE opened at C$11.61 on Wednesday. The company has a market capitalization of C$7.60 billion, a price-to-earnings ratio of -19.68 and a beta of 1.43. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$13.96. The company’s fifty day moving average price is C$12.26 and its two-hundred day moving average price is C$10.81.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. As a group, research analysts predict that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

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.