Canaccord Genuity Raises NexGen Energy (TSE:NXE) Price Target to C$10.00

NexGen Energy (TSE:NXE) had its price target lifted by Canaccord Genuity from C$7.00 to C$10.00 in a report issued on Thursday, Price Targets.com reports. The firm currently has a na rating on the stock.

Several other equities analysts also recently weighed in on NXE. Raymond James raised their target price on NexGen Energy from C$7.50 to C$8.50 and gave the company an outperform rating in a research report on Friday, September 17th. TD Securities lifted their price objective on NexGen Energy to C$10.00 and gave the stock a speculative buy rating in a research report on Wednesday, September 15th. Finally, Royal Bank of Canada lifted their price objective on NexGen Energy from C$6.00 to C$7.00 and gave the stock a sector perform rating in a research report on Friday, September 3rd.

TSE NXE opened at C$5.78 on Thursday. The company has a market capitalization of C$2.75 billion and a PE ratio of -14.10. NexGen Energy has a 1-year low of C$2.12 and a 1-year high of C$7.81. The company has a current ratio of 41.32, a quick ratio of 41.05 and a debt-to-equity ratio of 14.12.

About NexGen Energy

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.

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