NexGen Energy Ltd. (TSE:NXE) Receives Average Rating of “Buy” from Analysts

NexGen Energy Ltd. (TSE:NXE) has earned a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$16.25.

Several analysts recently issued reports on the company. Scotiabank increased their target price on NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. Stifel Nicolaus increased their price objective on shares of NexGen Energy from C$17.00 to C$20.00 in a report on Tuesday, October 21st. BMO Capital Markets lifted their price objective on shares of NexGen Energy from C$14.00 to C$16.00 in a research report on Friday, October 17th. Canaccord Genuity Group upped their target price on shares of NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. Finally, Haywood Securities lifted their price target on shares of NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th.

NexGen Energy Stock Down 1.3%

Shares of NexGen Energy stock opened at C$14.94 on Friday. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. NexGen Energy has a twelve month low of C$5.59 and a twelve month high of C$15.29. The company has a market cap of C$9.78 billion, a price-to-earnings ratio of -25.32 and a beta of 1.41. The company’s 50 day moving average is C$12.51 and its 200 day moving average is C$11.29.

NexGen Energy (TSE:NXE) last announced its earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. Research analysts anticipate that NexGen Energy will post -0.07 EPS for the current year.

NexGen Energy Company Profile

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.