NexGen Energy (TSE:NXE) Given New C$12.50 Price Target at National Bankshares

NexGen Energy (TSE:NXE) had its target price dropped by equities research analysts at National Bankshares from C$13.50 to C$12.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 76.30% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Scotiabank dropped their price target on shares of NexGen Energy from C$14.50 to C$12.00 and set an “outperform” rating on the stock in a research note on Thursday. Haywood Securities raised their price objective on NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. TD Securities cut their price target on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James upped their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their target price on NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Six equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$13.28.

NexGen Energy Price Performance

Shares of NXE stock traded up C$0.01 during trading hours on Friday, hitting C$7.09. 1,112,485 shares of the company’s stock were exchanged, compared to its average volume of 1,742,291. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. NexGen Energy has a fifty-two week low of C$6.66 and a fifty-two week high of C$12.51. The firm has a market cap of C$4.01 billion, a P/E ratio of 27.15 and a beta of 1.76. The firm has a 50 day moving average of C$9.17 and a two-hundred day moving average of C$9.50.

Insider Transactions at NexGen Energy

In other news, Director Leigh Robert Curyer bought 1,500,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was purchased at an average cost of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is currently owned by corporate insiders.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.