NexGen Energy (TSE:NXE) Given a C$20.00 Price Target by UBS Group Analysts

UBS Group set a C$20.00 price target on NexGen Energy (TSE:NXE) in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on NXE. Haywood Securities raised their price objective on shares of NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. Stifel Nicolaus raised their price target on shares of NexGen Energy from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. TD Securities lifted their price target on shares of NexGen Energy from C$15.00 to C$20.00 in a research report on Thursday, January 22nd. Finally, National Bank Financial increased their price objective on NexGen Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$17.56.

NexGen Energy Price Performance

NXE stock opened at C$16.97 on Thursday. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$18.91. The company has a debt-to-equity ratio of 32.03, a current ratio of 1.82 and a quick ratio of 8.20. The firm has a market capitalization of C$11.11 billion, a PE ratio of -28.76 and a beta of 1.11. The business has a 50 day simple moving average of C$16.05 and a 200-day simple moving average of C$13.30.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C($0.06) EPS for the quarter. Equities research analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

About NexGen Energy

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.