NexGen Energy (TSE:NXE) Price Target Raised to C$20.00

NexGen Energy (TSE:NXE) had its price target lifted by analysts at Royal Bank Of Canada from C$15.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 20.77% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Raymond James Financial upped their price objective on shares of NexGen Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday. Haywood Securities raised their price target on shares of NexGen Energy from C$12.50 to C$15.00 in a research note on Monday, November 10th. TD Securities increased their target price on NexGen Energy from C$15.00 to C$20.00 in a report on Thursday, January 22nd. Scotiabank lifted their price target on NexGen Energy from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Stifel Nicolaus increased their price objective on 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. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$19.09.

NexGen Energy Price Performance

Shares of TSE:NXE traded down C$0.41 during trading on Friday, reaching C$16.56. 1,370,312 shares of the company’s stock traded hands, compared to its average volume of 2,573,986. The company has a quick ratio of 8.20, a current ratio of 1.82 and a debt-to-equity ratio of 32.03. NexGen Energy has a fifty-two week low of C$5.59 and a fifty-two week high of C$18.91. The company has a 50-day simple moving average of C$16.05 and a 200-day simple moving average of C$13.30. The firm has a market cap of C$10.84 billion, a PE ratio of -28.07 and a beta of 1.11.

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

About NexGen Energy

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.