NexGen Energy (TSE:NXE) Sets New 52-Week High – Time to Buy?

NexGen Energy Ltd. (TSE:NXE) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$18.04 and last traded at C$16.73, with a volume of 2987064 shares traded. The stock had previously closed at C$17.26.

Analyst Ratings Changes

NXE has been the topic of several research analyst reports. Stifel Nicolaus lifted their price objective on shares of NexGen Energy from C$17.00 to C$20.00 in a research report on Tuesday, October 21st. BMO Capital Markets increased their price objective on NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. Haywood Securities lifted their target price on NexGen Energy from C$12.50 to C$15.00 in a research note on Monday, November 10th. TD Securities upped their target price on NexGen Energy from C$15.00 to C$20.00 in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group boosted their price objective on shares of NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, NexGen Energy presently has an average rating of “Buy” and a consensus target price of C$16.88.

NexGen Energy Stock Performance

The firm has a market cap of C$10.95 billion, a price-to-earnings ratio of -28.36 and a beta of 1.41. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. The stock has a 50 day moving average of C$13.54 and a 200 day moving average of C$11.92.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($0.23) EPS for the quarter. As a group, analysts anticipate that NexGen Energy Ltd. will post -0.07 EPS 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.