NexGen Energy (TSE:NXE) Given a C$20.00 Price Target by UBS Group Analysts

NexGen Energy (TSE:NXE) received a C$20.00 price objective from research analysts at UBS Group in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 19.47% from the company’s current price.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus upped their price objective on shares of NexGen Energy from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Haywood Securities boosted their target price on NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. TD Securities upped their price target on NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Finally, National Bank Financial raised their price target on NexGen Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$17.56.

NexGen Energy Trading Down 3.8%

Shares of NexGen Energy stock traded down C$0.67 during trading hours on Thursday, hitting C$16.74. The company’s stock had a trading volume of 2,351,534 shares, compared to its average volume of 2,584,138. The stock has a market cap of C$10.96 billion, a price-to-earnings ratio of -28.37 and a beta of 1.70. The company has a debt-to-equity ratio of 64.51, a quick ratio of 8.20 and a current ratio of 0.50. NexGen Energy has a twelve month low of C$5.59 and a twelve month high of C$18.91. The firm has a fifty day moving average of C$15.97 and a 200-day moving average of C$13.27.

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