NexGen Energy (TSE:NXE) Posts Quarterly Earnings Results

NexGen Energy (TSE:NXE) released its earnings results on Tuesday. The company reported C($0.24) earnings per share for the quarter, FiscalAI reports.

NexGen Energy Trading Down 2.7%

NXE stock opened at C$16.49 on Wednesday. The company has a debt-to-equity ratio of 32.03, a current ratio of 1.82 and a quick ratio of 8.20. The company has a fifty day moving average price of C$16.58 and a two-hundred day moving average price of C$14.79. NexGen Energy has a one year low of C$7.10 and a one year high of C$18.91. The stock has a market cap of C$10.90 billion, a price-to-earnings ratio of -31.11 and a beta of 1.15.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NXE shares. Scotiabank raised their target price on shares of NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Raymond James Financial raised their target price on shares of NexGen Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. National Bank Financial raised their target price on shares of NexGen Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. UBS Group set a C$20.00 target price on shares of NexGen Energy and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, TD Securities raised their target price on shares of NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$19.18.

About NexGen Energy

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.