Analysts Set NexGen Energy Ltd. (TSE:NXE) PT at C$19.75

NexGen Energy Ltd. (TSE:NXE) has received a consensus rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is C$19.75.

A number of research firms have commented on NXE. Raymond James Financial upped their price target on NexGen Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. National Bank Financial upped their price target on NexGen Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. UBS Group set a C$20.00 price target on NexGen Energy and gave the company a “buy” rating in a research report on Thursday, March 5th. Stifel Nicolaus upped their target price on NexGen Energy from C$22.00 to C$30.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Finally, Scotiabank upped their target price on NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, March 6th.

NexGen Energy Trading Down 0.8%

TSE NXE opened at C$14.92 on Friday. The business’s 50-day moving average price is C$15.84 and its two-hundred day moving average price is C$15.53. NexGen Energy has a 12 month low of C$8.68 and a 12 month high of C$18.91. The firm has a market capitalization of C$9.88 billion, a PE ratio of -21.94 and a beta of 1.20. The company has a current ratio of 1.37, a quick ratio of 8.20 and a debt-to-equity ratio of 42.09.

NexGen Energy (TSE:NXE) last released its quarterly earnings results on Tuesday, May 5th. The company reported C($0.24) EPS for the quarter. On average, analysts expect that NexGen Energy will post -0.07 EPS for the current year.

NexGen Energy Company Profile

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.