NexGen Energy (TSE:NXE) Price Target Raised to C$20.00

NexGen Energy (TSE:NXE) had its price objective increased by TD Securities from C$15.00 to C$20.00 in a research note published on Thursday,BayStreet.CA reports.

Several other equities analysts have also issued reports on NXE. Scotiabank boosted their price target on NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. Canaccord Genuity Group boosted their price objective on NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. Haywood Securities raised their target price on NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. BMO Capital Markets lifted their price target on shares of NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. Finally, National Bankshares boosted their price target on shares of NexGen Energy from C$15.50 to C$18.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$16.88.

NexGen Energy Price Performance

TSE:NXE opened at C$17.26 on Thursday. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. NexGen Energy has a one year low of C$5.59 and a one year high of C$17.52. The company has a fifty day moving average price of C$13.43 and a 200 day moving average price of C$11.84. The stock has a market cap of C$11.30 billion, a P/E ratio of -29.25 and a beta of 1.41.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. Analysts anticipate 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.