Raymond James Cuts NexGen Energy (TSE:NXE) Price Target to C$13.00

NexGen Energy (TSE:NXE) had its price objective cut by stock analysts at Raymond James from C$13.50 to C$13.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Raymond James’ price target points to a potential upside of 19.05% from the company’s previous close.

Several other analysts also recently issued reports on NXE. Cormark lifted their price target on shares of NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Eight Capital lifted their price target on shares of NexGen Energy from C$13.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Scotiabank set a C$13.50 price target on shares of NexGen Energy and gave the company an “outperform” rating in a research report on Monday, April 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$13.28.

NexGen Energy Stock Up 3.8 %

TSE NXE traded up C$0.40 during mid-day trading on Thursday, hitting C$10.92. The company’s stock had a trading volume of 2,991,344 shares, compared to its average volume of 2,275,678. The company’s 50 day simple moving average is C$10.67 and its 200 day simple moving average is C$9.77. NexGen Energy has a twelve month low of C$4.91 and a twelve month high of C$12.14. The company has a current ratio of 11.00, a quick ratio of 8.20 and a debt-to-equity ratio of 19.56. The firm has a market capitalization of C$5.89 billion, a price-to-earnings ratio of 67.06 and a beta of 1.82.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.02) by C($0.06). Analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current year.

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.