NexGen Energy (TSE:NXE) Shares Up 1.4% – Still a Buy?

Shares of NexGen Energy Ltd. (TSE:NXE) traded up 1.4% on Monday. The stock traded as high as C$12.02 and last traded at C$11.99. Approximately 1,659,652 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 1,954,944 shares. The stock had previously closed at C$11.82.

Analyst Upgrades and Downgrades

NXE has been the subject of several research analyst reports. Jefferies Financial Group set a C$21.00 target price on NexGen Energy and gave the company a “buy” rating in a research report on Thursday, September 3rd. National Bank Financial set a C$21.00 price target on NexGen Energy and gave the stock an “outperform” rating in a report on Monday, September 21st. Finally, JPMorgan Chase & Co. set a C$19.00 price objective on shares of NexGen Energy and gave the company an “overweight” rating in a research note on Monday, September 21st. Eight research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$20.40.

NexGen Energy Trading Up 0.3%

The company has a market capitalization of C$8.00 billion, a PE ratio of -28.40 and a beta of 1.76. The company has a current ratio of 1.46, a quick ratio of 8.20 and a debt-to-equity ratio of 33.24. The stock has a fifty day moving average of C$13.63 and a two-hundred day moving average of C$14.45.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, August 5th. The company reported C($0.02) EPS for the quarter. As a group, sell-side analysts anticipate that NexGen Energy Ltd. will post -0.07 earnings per share for the current fiscal year.

NexGen Energy Company Profile

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.