Brokerages Set NexGen Energy Ltd. (TSE:NXE) Price Target at C$16.25

NexGen Energy Ltd. (TSE:NXE) has received a consensus recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$16.25.

Several brokerages have recently weighed in on NXE. BMO Capital Markets raised their target price on NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. National Bankshares increased their price target on NexGen Energy from C$15.50 to C$18.00 and gave the company an “outperform” rating in a report on Friday, December 19th. TD Securities lifted their price objective on NexGen Energy from C$12.00 to C$15.00 in a report on Tuesday, October 21st. Scotiabank upped their target price on NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. Finally, Canaccord Genuity Group increased their target price on NexGen Energy from C$16.00 to C$18.50 in a research note on Friday, October 17th.

NexGen Energy Trading Down 0.1%

NXE opened at C$14.92 on Friday. The firm’s 50 day moving average is C$12.53 and its 200-day moving average is C$11.34. NexGen Energy has a 52-week low of C$5.59 and a 52-week high of C$15.73. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. The firm has a market capitalization of C$9.77 billion, a P/E ratio of -25.29 and a beta of 1.41.

NexGen Energy (TSE:NXE) last announced its earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share for the quarter. Analysts expect that NexGen Energy will post -0.07 EPS for the current fiscal 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.