NexGen Energy (TSE:NXE) Issues Earnings Results

NexGen Energy (TSE:NXE) released its earnings results on Wednesday. The company reported C($0.02) earnings per share for the quarter, FiscalAI reports.

NexGen Energy Stock Up 2.7%

Shares of NexGen Energy stock opened at C$14.07 on Thursday. The stock has a market capitalization of C$9.31 billion, a price-to-earnings ratio of -20.69 and a beta of 1.19. NexGen Energy has a twelve month low of C$8.68 and a twelve month high of C$18.91. The company has a current ratio of 1.37, a quick ratio of 8.20 and a debt-to-equity ratio of 42.09. The business’s 50 day simple moving average is C$13.86 and its 200-day simple moving average is C$15.53.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised their price target on shares of NexGen Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, NexGen Energy presently has a consensus rating of “Buy” and an average target price of C$19.75.

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.