NexGen Energy (TSE:NXE) Hits New 12-Month High – Should You Buy?

Shares of NexGen Energy Ltd. (TSE:NXE) hit a new 52-week high during trading on Friday . The stock traded as high as C$15.73 and last traded at C$14.87, with a volume of 1102698 shares traded. The stock had previously closed at C$14.94.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank upped their price objective on NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. National Bankshares boosted their price target on NexGen Energy from C$15.50 to C$18.00 and gave the company an “outperform” rating in a report on Friday, December 19th. BMO Capital Markets upped their price target on NexGen Energy from C$14.00 to C$16.00 in a research report on Friday, October 17th. Canaccord Genuity Group raised their price objective on NexGen Energy from C$16.00 to C$18.50 in a research note on Friday, October 17th. Finally, TD Securities boosted their target price on shares of NexGen Energy from C$12.00 to C$15.00 in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, NexGen Energy has an average rating of “Buy” and an average price target of C$16.25.

NexGen Energy Price Performance

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 market capitalization of C$9.77 billion, a price-to-earnings ratio of -25.31 and a beta of 1.41. The company has a 50-day simple moving average of C$12.51 and a two-hundred day simple moving average of C$11.29.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. On average, equities research analysts predict that NexGen Energy Ltd. 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.