NexGen Energy (TSE:NXE) Price Target Raised to C$18.00

NexGen Energy (TSE:NXE) had its price target boosted by National Bankshares from C$15.50 to C$18.00 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts also recently commented on the stock. Scotiabank raised their price objective on shares of NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. Canaccord Genuity Group raised their price target on NexGen Energy from C$16.00 to C$18.50 in a report on Friday, October 17th. Stifel Nicolaus upped their price objective on NexGen Energy from C$17.00 to C$20.00 in a research note on Tuesday, October 21st. BMO Capital Markets increased their target price on NexGen Energy from C$14.00 to C$16.00 in a research report on Friday, October 17th. Finally, TD Securities lifted their target price on NexGen Energy from C$12.00 to C$15.00 in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, NexGen Energy currently has an average rating of “Buy” and an average price target of C$16.25.

NexGen Energy Stock Up 7.5%

TSE NXE opened at C$12.59 on Friday. NexGen Energy has a 52 week low of C$5.59 and a 52 week high of C$13.96. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. The company has a market capitalization of C$8.24 billion, a P/E ratio of -21.34 and a beta of 1.43. The stock’s 50-day moving average price is C$12.23 and its 200-day moving average price is C$10.88.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. On average, equities research analysts predict that NexGen Energy will post -0.07 earnings per share for the current year.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery. as well as the discovered Harpoon area located northeast of the Arrow deposit.