NexGen Energy (TSE:NXE) Given New C$18.00 Price Target at Scotiabank

NexGen Energy (TSE:NXE) had its price target increased by Scotiabank from C$16.00 to C$18.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 8.70% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Haywood Securities lifted their price target on shares of NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. Stifel Nicolaus lifted their target price on NexGen Energy from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. TD Securities increased their price target on NexGen Energy from C$15.00 to C$20.00 in a report on Thursday, January 22nd. National Bank Financial lifted their price objective on NexGen Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, UBS Group set a C$20.00 price objective on NexGen Energy and gave the company a “buy” rating in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, NexGen Energy has a consensus rating of “Buy” and a consensus target price of C$19.09.

NexGen Energy Trading Down 2.4%

TSE NXE traded down C$0.41 on Friday, reaching C$16.56. The company had a trading volume of 1,370,312 shares, compared to its average volume of 2,573,986. The company has a quick ratio of 8.20, a current ratio of 1.82 and a debt-to-equity ratio of 32.03. NexGen Energy has a 52 week low of C$5.59 and a 52 week high of C$18.91. The stock has a market cap of C$10.84 billion, a price-to-earnings ratio of -28.07 and a beta of 1.11. The stock’s 50 day moving average is C$16.05 and its 200-day moving average is C$13.30.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C($0.06) EPS for the quarter. Equities analysts predict that NexGen Energy will post -0.07 earnings per share for the current 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.