NexGen Energy (TSE:NXE) Given a C$20.00 Price Target by UBS Group Analysts

NexGen Energy (TSE:NXE) has been assigned a C$20.00 price target by analysts at UBS Group in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 19.47% from the company’s previous close.

NXE has been the topic of a number of other research reports. National Bank Financial increased their price objective on NexGen Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Stifel Nicolaus increased their price target on shares of NexGen Energy from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. TD Securities raised their price objective on shares of NexGen Energy from C$15.00 to C$20.00 in a report on Thursday, January 22nd. Finally, Haywood Securities boosted their price objective on shares of NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$17.56.

NexGen Energy Stock Down 3.8%

Shares of TSE:NXE traded down C$0.67 during trading hours on Thursday, reaching C$16.74. The stock had a trading volume of 2,351,534 shares, compared to its average volume of 2,584,138. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$18.91. The firm’s 50 day moving average is C$15.97 and its 200-day moving average is C$13.27. The stock has a market capitalization of C$10.96 billion, a price-to-earnings ratio of -28.37 and a beta of 1.70. The company has a debt-to-equity ratio of 64.51, a quick ratio of 8.20 and a current ratio of 0.50.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, March 4th. The company reported C($0.06) EPS for the quarter. Research analysts predict that NexGen Energy will post -0.07 earnings per share for the current fiscal 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.