NexGen Energy Ltd. (TSE:NXE) Receives Consensus Recommendation of “Buy” from Analysts

NexGen Energy Ltd. (TSE:NXE) has been given an average recommendation of “Buy” by the ten research firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$14.42.

Several brokerages recently issued reports on NXE. National Bankshares boosted their price target on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Raymond James lifted their price objective on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank lifted their price objective on NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th. Finally, Haywood Securities lifted their price objective on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th.

NexGen Energy Stock Performance

Shares of NXE stock opened at C$11.84 on Friday. The stock has a market capitalization of C$6.69 billion, a PE ratio of 69.65 and a beta of 1.76. NexGen Energy has a 52-week low of C$7.04 and a 52-week high of C$12.51. The stock’s 50-day moving average price is C$10.44 and its 200 day moving average price is C$9.54. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the previous year, the business posted ($0.03) earnings per share. As a group, equities research analysts forecast that NexGen Energy will post -0.07 EPS for the current 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.