Stifel Nicolaus Boosts NexGen Energy (TSE:NXE) Price Target to C$20.00

NexGen Energy (TSE:NXE) had its price target lifted by equities research analysts at Stifel Nicolaus from C$17.00 to C$20.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 68.92% from the stock’s current price.

Several other research analysts have also recently commented on NXE. Canaccord Genuity Group boosted their price target on shares of NexGen Energy from C$16.00 to C$18.50 in a report on Friday, October 17th. Scotiabank boosted their target price on shares of NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. BMO Capital Markets lifted their price target on NexGen Energy from C$14.00 to C$16.00 in a report on Friday, October 17th. TD Securities upped their price objective on NexGen Energy from C$12.00 to C$15.00 in a research report on Tuesday. Finally, National Bankshares raised their target price on NexGen Energy from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. One investment 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, NexGen Energy presently has an average rating of “Buy” and a consensus price target of C$15.16.

NexGen Energy Price Performance

NXE stock opened at C$11.84 on Tuesday. The business’s 50-day moving average is C$11.34 and its two-hundred day moving average is C$9.40. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. The firm has a market capitalization of C$7.35 billion, a P/E ratio of -35.88 and a beta of 1.57. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$13.75.

Insider Activity

In related news, Director Richard J. Patricio sold 125,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of C$9.40, for a total value of C$1,175,000.00. Following the completion of the sale, the director owned 1,269,900 shares in the company, valued at C$11,937,060. This represents a 8.96% decrease in their position. Company insiders own 7.96% of the company’s stock.

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.