NexGen Energy Ltd. (TSE:NXE) Receives C$12.75 Average PT from Brokerages

NexGen Energy Ltd. (TSE:NXE) has been given an average recommendation of “Buy” by the ten analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$12.89.

A number of research firms have weighed in on NXE. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Raymond James decreased their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada decreased their target price on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. National Bankshares set a C$11.00 target price on shares of NexGen Energy and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Finally, Scotiabank decreased their target price on shares of NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, August 19th.

Insider Transactions at NexGen Energy

In other news, Director Bradley John Wall sold 188,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. Insiders own 7.96% of the company’s stock.

NexGen Energy Trading Down 0.3 %

Shares of NexGen Energy stock opened at C$8.96 on Monday. The firm has a market capitalization of C$5.06 billion, a PE ratio of 52.71 and a beta of 1.76. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.14. The firm’s 50-day moving average price is C$8.21 and its 200 day moving average price is C$9.58. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. On average, sell-side analysts predict that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.