NexGen Energy Ltd. (TSE:NXE) Receives C$19.18 Average PT from Brokerages

NexGen Energy Ltd. (TSE:NXE) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is C$19.18.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised 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 report on Friday, March 6th. National Bank Financial increased their price target on shares of NexGen Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. UBS Group set a C$20.00 price target on shares of NexGen Energy and gave the stock a “buy” rating in a research report on Thursday, March 5th. Royal Bank Of Canada increased their price target on shares of NexGen Energy from C$15.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, Raymond James Financial increased their price target on shares of NexGen Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th.

NexGen Energy Trading Up 1.4%

Shares of NXE stock opened at C$14.96 on Tuesday. NexGen Energy has a 12-month low of C$8.21 and a 12-month high of C$18.91. The company has a current ratio of 1.37, a quick ratio of 8.20 and a debt-to-equity ratio of 42.09. The firm’s 50 day moving average is C$16.20 and its 200 day moving average is C$15.12. The stock has a market capitalization of C$9.90 billion, a P/E ratio of -22.00 and a beta of 1.15.

NexGen Energy (TSE:NXE) last issued its earnings results on Tuesday, May 5th. The company reported C($0.24) earnings per share (EPS) for the quarter. Research analysts expect that NexGen Energy will post -0.07 earnings per share 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.