National Bankshares Issues Positive Forecast for NexGen Energy (TSE:NXE) Stock Price

NexGen Energy (TSE:NXE) had its price objective lifted by research analysts at National Bankshares from C$15.50 to C$18.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 44.12% from the stock’s previous close.

NXE has been the subject of a number of other research reports. Haywood Securities boosted their price target on NexGen Energy from C$12.50 to C$15.00 in a research note on Monday, November 10th. TD Securities upped their price target on shares of NexGen Energy from C$12.00 to C$15.00 in a report on Tuesday, October 21st. Stifel Nicolaus lifted their price objective on shares of NexGen Energy from C$17.00 to C$20.00 in a research note on Tuesday, October 21st. BMO Capital Markets upped their target price on NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. Finally, Canaccord Genuity Group raised their target price on NexGen Energy from C$16.00 to C$18.50 in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, NexGen Energy currently has an average rating of “Buy” and an average target price of C$16.25.

NexGen Energy Price Performance

Shares of NXE stock traded up C$0.78 during trading on Friday, hitting C$12.49. The company had a trading volume of 1,739,569 shares, compared to its average volume of 2,017,629. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The firm has a market capitalization of C$8.18 billion, a P/E ratio of -21.17 and a beta of 1.43. The stock’s 50-day moving average price is C$12.23 and its 200 day moving average price is C$10.82. NexGen Energy has a one year low of C$5.59 and a one year high of C$13.96.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($0.23) earnings per share for the quarter. Equities analysts expect that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

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. as well as the discovered Harpoon area located northeast of the Arrow deposit.