NexGen Energy (TSE:NXE) Sets New 1-Year High at $12.03

Shares of NexGen Energy Ltd. (TSE:NXE) reached a new 52-week high during trading on Tuesday . The company traded as high as C$12.03 and last traded at C$12.02, with a volume of 342170 shares. The stock had previously closed at C$11.75.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Raymond James lowered their price target on shares of NexGen Energy from C$13.50 to C$13.00 in a report on Thursday. Eight Capital upped their price objective on shares of NexGen Energy from C$13.00 to C$21.00 and gave the stock a “buy” rating in a report on Monday, January 15th. Cormark upped their price objective on shares of NexGen Energy from C$11.50 to C$13.75 in a report on Thursday, February 8th. Finally, Scotiabank set a C$13.50 price objective on shares of NexGen Energy and gave the stock an “outperform” rating in a report on Monday, April 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NexGen Energy currently has a consensus rating of “Buy” and a consensus price target of C$13.28.

NexGen Energy Stock Up 4.7 %

The company’s 50 day moving average price is C$10.70 and its two-hundred day moving average price is C$9.78. The company has a current ratio of 11.00, a quick ratio of 8.20 and a debt-to-equity ratio of 19.56. The stock has a market cap of C$5.94 billion, a P/E ratio of 68.81 and a beta of 1.82.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, March 6th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.06). Equities analysts forecast that NexGen Energy Ltd. will post -0.07 earnings per share for the current year.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.