NexGen Energy Ltd. (TSE:NXE) Receives C$19.09 Average Price Target from Analysts

NexGen Energy Ltd. (TSE:NXE) has earned an average rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$19.09.

NXE has been the subject of several research reports. UBS Group set a C$20.00 price objective on NexGen Energy and gave the stock a “buy” rating in a report on Thursday, March 5th. Stifel Nicolaus upped their target price on NexGen Energy from C$22.00 to C$30.00 and gave the company a “buy” rating in a report on Friday, March 6th. TD Securities raised their price target on NexGen Energy from C$15.00 to C$20.00 in a research report on Thursday, January 22nd. Raymond James Financial boosted their price objective on shares of NexGen Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada increased their price objective on shares of NexGen Energy from C$15.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, March 6th.

NexGen Energy Stock Down 0.1%

NXE stock opened at C$16.12 on Monday. 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’s 50-day moving average price is C$16.54 and its 200 day moving average price is C$14.10. NexGen Energy has a 52 week low of C$5.59 and a 52 week high of C$18.91. The company has a market cap of C$10.66 billion, a P/E ratio of -30.42 and a beta of 1.11.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share (EPS) for the quarter. On average, research analysts expect 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.