NexGen Energy (TSE:NXE) Price Target Raised to C$14.00

NexGen Energy (TSE:NXE) had its price target raised by Scotiabank from C$12.00 to C$14.00 in a research report report published on Tuesday,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on NXE. National Bankshares raised their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Stifel Nicolaus boosted their price target on NexGen Energy from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Friday, September 26th. Finally, TD Securities lifted their price objective on NexGen Energy from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy presently has an average rating of “Buy” and a consensus price target of C$14.03.

NexGen Energy Stock Performance

Shares of NXE stock opened at C$12.64 on Tuesday. The company has a market capitalization of C$7.85 billion, a P/E ratio of -38.30 and a beta of 1.57. NexGen Energy has a fifty-two week low of C$5.59 and a fifty-two week high of C$13.75. 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 stock has a 50 day moving average price of C$11.14 and a two-hundred day moving average price of C$9.25.

Insider Transactions at NexGen Energy

In other news, Director Richard J. Patricio sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of C$9.40, for a total transaction of C$1,175,000.00. Following the sale, the director owned 1,269,900 shares of the company’s stock, valued at C$11,937,060. This trade represents a 8.96% decrease in their position. Corporate insiders own 7.96% of the company’s stock.

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.