NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$19.86.

Separately, Jefferies Financial Group set a C$21.00 price target on NexGen Energy and gave the stock a “buy” rating in a research report on Thursday, September 3rd.

NexGen Energy Price Performance

NXE opened at C$14.75 on Thursday. The company has a quick ratio of 8.20, a current ratio of 1.46 and a debt-to-equity ratio of 33.24. NexGen Energy has a 12 month low of C$10.36 and a 12 month high of C$18.91. The company has a fifty day simple moving average of C$13.88 and a 200 day simple moving average of C$15.20. The stock has a market cap of C$9.89 billion, a P/E ratio of -35.12 and a beta of 1.36.

NexGen Energy (TSE:NXE) last announced its earnings results on Wednesday, August 5th. The company reported C($0.02) EPS for the quarter. On average, research analysts expect that NexGen Energy will post -0.07 EPS 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.