NexGen Energy (TSE:NXE) Issues Quarterly Earnings Results

NexGen Energy (TSE:NXE) posted its earnings results on Tuesday. The company reported C($0.06) EPS for the quarter, FiscalAI reports.

NexGen Energy Price Performance

NexGen Energy stock opened at C$16.86 on Wednesday. The company has a quick ratio of 8.20, a current ratio of 0.50 and a debt-to-equity ratio of 64.51. NexGen Energy has a 52-week low of C$5.59 and a 52-week high of C$18.91. The firm has a market cap of C$11.04 billion, a PE ratio of -28.58 and a beta of 1.70. The company’s 50 day moving average is C$15.88 and its two-hundred day moving average is C$13.24.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NXE shares. Haywood Securities boosted their price objective on shares of NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th. National Bank Financial upped their price objective on shares of NexGen Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Stifel Nicolaus lifted their target price on shares of NexGen Energy from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, TD Securities upped their price target on NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$17.25.

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.