NexGen Energy (TSE:NXE) Given a C$13.50 Price Target at Desjardins

NexGen Energy (TSE:NXE) has been given a C$13.50 target price by stock analysts at Desjardins in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 56.07% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. TD Securities reduced their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Scotiabank decreased their target price on NexGen Energy from C$12.00 to C$11.50 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Finally, National Bankshares dropped their price objective on NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NexGen Energy currently has an average rating of “Buy” and an average price target of C$13.25.

NexGen Energy Trading Down 3.5%

Shares of NXE stock traded down C$0.31 during trading hours on Tuesday, hitting C$8.65. 1,123,640 shares of the company were exchanged, compared to its average volume of 1,732,177. The firm has a market cap of C$4.90 billion, a P/E ratio of 33.12 and a beta of 1.76. NexGen Energy has a fifty-two week low of C$5.59 and a fifty-two week high of C$12.51. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The company has a 50 day simple moving average of C$7.39 and a two-hundred day simple moving average of C$8.55.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.