NexGen Energy (TSE:NXE) Trading Down 0.1% – Here’s What Happened

NexGen Energy Ltd. (TSE:NXE)’s stock price fell 0.1% during trading on Friday . The stock traded as low as C$14.95 and last traded at C$15.32. 1,382,560 shares were traded during trading, a decline of 45% from the average session volume of 2,515,871 shares. The stock had previously closed at C$15.33.

Analysts Set New Price Targets

Several research analysts recently issued reports on NXE shares. Scotiabank lifted their target price on NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. National Bank Financial increased their price target on NexGen Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Royal Bank Of Canada raised their price objective on NexGen Energy from C$15.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Raymond James Financial lifted their price objective on shares of NexGen Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, Stifel Nicolaus upped their target price on shares of NexGen Energy from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, NexGen Energy has an average rating of “Buy” and a consensus target price of C$19.09.

NexGen Energy Stock Down 0.1%

The company has a market capitalization of C$10.13 billion, a PE ratio of -28.91 and a beta of 1.11. The stock’s fifty day moving average is C$16.60 and its two-hundred day moving average is C$14.00. The company has a current ratio of 1.82, a quick ratio of 8.20 and a debt-to-equity ratio of 32.03.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C($0.06) earnings per share (EPS) for the quarter. As a group, analysts predict that NexGen Energy Ltd. will post -0.07 EPS for the current year.

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.