NexGen Energy (TSE:NXE) Price Target Raised to C$18.00 at Scotiabank

NexGen Energy (TSE:NXE) had its price objective increased by Scotiabank from C$16.00 to C$18.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 8.70% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial upped their target price on shares of NexGen Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Friday. Haywood Securities raised their price objective on shares of NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th. UBS Group set a C$20.00 target price on NexGen Energy and gave the stock a “buy” rating in a report on Thursday. TD Securities raised their price target on NexGen Energy from C$15.00 to C$20.00 in a report on Thursday, January 22nd. Finally, Stifel Nicolaus boosted their price objective on NexGen Energy from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, NexGen Energy has a consensus rating of “Buy” and a consensus price target of C$19.09.

NexGen Energy Price Performance

NXE traded down C$0.41 during midday trading on Friday, reaching C$16.56. 1,370,312 shares of the company’s stock were exchanged, compared to its average volume of 2,573,986. The company has a quick ratio of 8.20, a current ratio of 1.82 and a debt-to-equity ratio of 32.03. The business has a 50-day simple moving average of C$16.05 and a two-hundred day simple moving average of C$13.30. The firm has a market capitalization of C$10.84 billion, a price-to-earnings ratio of -28.07 and a beta of 1.11. NexGen Energy has a one year low of C$5.59 and a one year high of C$18.91.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share (EPS) for the quarter. As a group, research analysts predict that NexGen Energy will post -0.07 EPS for the current 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.