NexGen Energy (TSE:NXE) Given New C$20.00 Price Target at Raymond James Financial

NexGen Energy (TSE:NXE) had its price target lifted by Raymond James Financial from C$18.00 to C$20.00 in a research note published on Friday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on NXE. Haywood Securities upped their price objective on shares of NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. UBS Group set a C$20.00 target price on shares of NexGen Energy and gave the company a “buy” rating in a research report on Thursday. National Bank Financial boosted their price target on shares of NexGen Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. TD Securities increased their price target on shares of NexGen Energy from C$15.00 to C$20.00 in a report on Thursday, January 22nd. Finally, Stifel Nicolaus raised their price objective on shares of NexGen Energy from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, NexGen Energy presently has a consensus rating of “Buy” and an average target price of C$19.09.

NexGen Energy Price Performance

NexGen Energy stock traded down C$0.56 during midday trading on Friday, hitting C$16.41. 2,134,241 shares of the company’s stock were exchanged, compared to its average volume of 2,595,851. NexGen Energy has a 52-week low of C$5.59 and a 52-week high of C$18.91. The stock has a 50-day moving average price of C$16.12 and a two-hundred day moving average price of C$13.35. The company has a debt-to-equity ratio of 32.03, a quick ratio of 8.20 and a current ratio of 1.82. The company has a market cap of C$10.74 billion, a P/E ratio of -27.81 and a beta of 1.11.

NexGen Energy (TSE:NXE) last announced its earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share for the quarter. On average, equities research analysts forecast that NexGen Energy will post -0.07 earnings per share for the current year.

Key Stories Impacting NexGen Energy

Here are the key news stories impacting NexGen Energy this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to C$30.00 and kept a “buy” rating — the largest upside among the updates, implying substantial valuation upside vs. the current price. Article Title
• Positive Sentiment: Royal Bank of Canada lifted its target to C$20.00 and rated NXE “outperform,” signaling a materially higher fair‑value estimate from a major Canadian bank. Article Title
• Positive Sentiment: Scotiabank increased its target to C$18.00 with an “outperform” rating — a moderate uplift reinforcing the bullish analyst trend. Article Title Ticker Report
• Positive Sentiment: Raymond James raised its target to C$20.00 and kept an “outperform” stance, matching other brokers’ upgraded outlooks. Article Title
• Positive Sentiment: UBS initiated/updated a C$20.00 price target with a “buy” rating, adding another institutional vote of confidence. Article Title Ticker Report

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.