NexGen Energy (TSE:NXE) Sets New 12-Month High – Time to Buy?

NexGen Energy Ltd. (TSE:NXE) reached a new 52-week high on Thursday . The company traded as high as C$16.17 and last traded at C$16.00, with a volume of 2167211 shares changing hands. The stock had previously closed at C$15.55.

Analysts Set New Price Targets

A number of research firms have commented on NXE. Canaccord Genuity Group upped their price target on NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. Stifel Nicolaus lifted their price objective on NexGen Energy from C$17.00 to C$20.00 in a research note on Tuesday, October 21st. Scotiabank upped their target price on NexGen Energy from C$12.00 to C$14.00 in a report on Tuesday, October 14th. National Bankshares raised their price target on shares of NexGen Energy from C$15.50 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, TD Securities boosted their price target on shares of NexGen Energy from C$12.00 to C$15.00 in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$16.25.

NexGen Energy Stock Up 2.9%

The firm has a 50 day moving average of C$12.72 and a 200 day moving average of C$11.47. The firm has a market cap of C$10.47 billion, a price-to-earnings ratio of -27.12 and a beta of 1.41. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49.

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