NexGen Energy (NYSEAMERICAN:NXE) had its price target upped by equities researchers at TD Securities from $4.00 to $7.00 in a research report issued on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 72.41% from the stock’s current price.
NXE has been the topic of a number of other research reports. Canaccord Genuity lifted their price objective on NexGen Energy from $5.00 to $6.75 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James raised their target price on shares of NexGen Energy from $4.25 to $5.00 and gave the company an “outperform” rating in a report on Friday, January 15th. Finally, Zacks Investment Research downgraded shares of NexGen Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 20th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $5.31.
Shares of NXE stock traded up $0.05 during trading hours on Tuesday, hitting $4.06. The stock had a trading volume of 118,997 shares, compared to its average volume of 1,789,715. The company has a quick ratio of 12.44, a current ratio of 12.44 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1.55 billion, a PE ratio of -45.00 and a beta of 2.15. NexGen Energy has a one year low of $0.50 and a one year high of $4.27. The business has a 50-day simple moving average of $2.31.
NexGen Energy Company Profile
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. The company holds a 100% interest in its principal property, the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.
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