Brokerages Set NexGen Energy Ltd. (TSE:NXE) Target Price at C$13.75

NexGen Energy Ltd. (TSE:NXE) has received a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$13.75.

Several brokerages have recently commented on NXE. Stifel Nicolaus raised their target price on NexGen Energy from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Friday, September 26th. TD Securities lifted their price target on NexGen Energy from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Friday, August 8th. National Bankshares lifted their price target on NexGen Energy from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, Desjardins set a C$13.50 price target on NexGen Energy and gave the company a “buy” rating in a research note on Tuesday, June 10th.

NexGen Energy Stock Performance

Shares of NXE opened at C$12.30 on Friday. 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 stock has a 50-day moving average of C$10.54 and a 200-day moving average of C$8.86. The company has a market cap of C$7.03 billion, a PE ratio of -37.27 and a beta of 1.61. NexGen Energy has a one year low of C$5.59 and a one year high of C$13.10.

Insider Transactions at NexGen Energy

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

About NexGen Energy

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.