NexGen Energy (TSE:NXE) Announces Quarterly Earnings Results

NexGen Energy (TSE:NXE) posted its earnings results on Monday. The company reported C($0.06) earnings per share (EPS) for the quarter, FiscalAI reports.

NexGen Energy Trading Up 5.9%

NXE opened at C$12.33 on Tuesday. The company has a debt-to-equity ratio of 33.24, a quick ratio of 8.20 and a current ratio of 1.46. NexGen Energy has a one year low of C$10.36 and a one year high of C$18.91. The company has a market cap of C$8.27 billion, a P/E ratio of -29.36 and a beta of 1.88. The business’s 50-day simple moving average is C$12.76 and its 200-day simple moving average is C$14.75.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NXE. Jefferies Financial Group began coverage on shares of NexGen Energy in a research report on Thursday, September 3rd. They set a “buy” rating and a C$21.00 price target on the stock. National Bank Financial set a C$21.00 price objective on shares of NexGen Energy and gave the company an “outperform” rating in a research note 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 report on Monday, September 21st. Eight investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$21.00.

About NexGen Energy

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.