NexGen Energy (TSE:NXE) Stock Price Down 6.8%

NexGen Energy Ltd. (TSE:NXE) shares fell 6.8% during trading on Wednesday . The stock traded as low as C$10.98 and last traded at C$11.19. 968,522 shares changed hands during trading, a decline of 56% from the average session volume of 2,203,124 shares. The stock had previously closed at C$12.00.

Wall Street Analyst Weigh In

Several research firms have recently commented on NXE. Cormark raised their price target on NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Scotiabank set a C$13.50 price target on shares of NexGen Energy and gave the stock an “outperform” rating in a research note on Monday, April 1st. Eight Capital increased their price objective on shares of NexGen Energy from C$13.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Raymond James lowered their target price on shares of NexGen Energy from C$14.00 to C$13.50 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of “Buy” and an average price target of C$13.34.

NexGen Energy Stock Performance

The company has a market cap of C$5.72 billion, a PE ratio of 66.88 and a beta of 1.82. The stock has a 50 day simple moving average of C$10.65 and a two-hundred day simple moving average of C$9.76. The company has a debt-to-equity ratio of 19.56, a current ratio of 11.00 and a quick ratio of 8.20.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.06). Equities analysts predict that NexGen Energy Ltd. will post -0.07 EPS for the current year.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.