NexGen Energy (TSE:NXE) Price Target Raised to C$20.00 at Royal Bank Of Canada

NexGen Energy (TSE:NXE) had its target price lifted by Royal Bank Of Canada from C$15.00 to C$20.00 in a research report report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the company. TD Securities lifted their target price on NexGen Energy from C$15.00 to C$20.00 in a report on Thursday, January 22nd. Raymond James Financial raised their price target on NexGen Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Friday. UBS Group set a C$20.00 price objective on NexGen Energy and gave the stock a “buy” rating in a research note on Thursday. Haywood Securities upped their price objective on NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th. Finally, National Bank Financial increased their target price on NexGen Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$19.09.

NexGen Energy Price Performance

NXE traded down C$0.56 during trading on Friday, hitting C$16.41. 2,134,241 shares of the company traded hands, compared to its average volume of 2,595,851. The company has a current ratio of 1.82, a quick ratio of 8.20 and a debt-to-equity ratio of 32.03. The company has a market cap of C$10.74 billion, a PE ratio of -27.81 and a beta of 1.11. The stock’s 50-day simple moving average is C$16.12 and its two-hundred day simple moving average is C$13.35. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$18.91.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C($0.06) EPS for the quarter. As a group, sell-side analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

Key Headlines 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

NexGen Energy Company Profile

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.