NexGen Energy Ltd. (TSE:NXE) Receives C$16.25 Consensus Price Target from Analysts

Shares of NexGen Energy Ltd. (TSE:NXE) have earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$16.25.

NXE has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target on shares of NexGen Energy from C$16.00 to C$18.50 in a report on Friday, October 17th. BMO Capital Markets raised their target price on NexGen Energy from C$14.00 to C$16.00 in a report on Friday, October 17th. TD Securities lifted their price target on NexGen Energy from C$12.00 to C$15.00 in a research note on Tuesday, October 21st. Stifel Nicolaus upped their price objective on NexGen Energy from C$17.00 to C$20.00 in a research report on Tuesday, October 21st. Finally, National Bankshares raised their price objective on NexGen Energy from C$15.50 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, December 19th.

NexGen Energy Price Performance

Shares of TSE NXE opened at C$15.06 on Friday. The business has a fifty day moving average price of C$12.45 and a two-hundred day moving average price of C$11.23. The stock has a market capitalization of C$9.86 billion, a PE ratio of -25.53 and a beta of 1.41. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. NexGen Energy has a fifty-two week low of C$5.59 and a fifty-two week high of C$15.29.

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

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.