NexGen Energy (TSE:NXE) Releases Earnings Results

NexGen Energy (TSE:NXE) announced its quarterly earnings data on Wednesday. The company reported C($0.02) EPS for the quarter, FiscalAI reports.

NexGen Energy Stock Performance

Shares of TSE NXE traded up C$0.16 during trading hours on Wednesday, reaching C$13.86. The stock had a trading volume of 883,647 shares, compared to its average volume of 2,025,857. The firm has a market cap of C$9.17 billion, a price-to-earnings ratio of -20.38 and a beta of 1.20. NexGen Energy has a fifty-two week low of C$8.68 and a fifty-two week high of C$18.91. The firm has a 50-day moving average of C$13.89 and a 200-day moving average of C$15.55. The company has a current ratio of 1.37, a quick ratio of 8.20 and a debt-to-equity ratio of 42.09.

Analyst Ratings Changes

Separately, National Bank Financial boosted their target price on NexGen Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$19.75.

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.