NexGen Energy Ltd. (TSE:NXE) Receives Average Rating of “Buy” from Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is C$19.88.

NXE has been the topic of a number of research reports. National Bank Financial set a C$21.00 target price on shares of NexGen Energy and gave the stock an “outperform” rating in a research report on Monday, September 21st. Jefferies Financial Group set a C$21.00 price target on NexGen Energy and gave the company a “buy” rating in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. set a C$19.00 price objective on NexGen Energy and gave the stock an “overweight” rating in a research note on Monday, September 21st.

NexGen Energy Stock Performance

TSE NXE opened at C$12.82 on Monday. NexGen Energy has a fifty-two week low of C$10.36 and a fifty-two week high of C$18.91. The company has a market cap of C$8.60 billion, a P/E ratio of -30.52 and a beta of 1.36. The company has a debt-to-equity ratio of 33.24, a quick ratio of 8.20 and a current ratio of 1.46. The business’s 50 day moving average price is C$13.93 and its 200-day moving average price is C$14.75.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, August 5th. The company reported C($0.02) earnings per share (EPS) for the quarter. Sell-side 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.