NexGen Energy (TSE:NXE) Price Target Raised to C$22.00

NexGen Energy (TSE:NXE) had its price target increased by analysts at Stifel Nicolaus from C$20.00 to C$22.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 36.90% from the company’s previous close.

A number of other research analysts have also recently issued reports on NXE. Canaccord Genuity Group lifted their price objective on NexGen Energy from C$16.00 to C$18.50 in a research note on Friday, October 17th. National Bankshares lifted their price target on NexGen Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. TD Securities upped their price target on shares of NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. BMO Capital Markets raised their price objective on shares of NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. Finally, Scotiabank lifted their target price on shares of NexGen Energy from C$12.00 to C$14.00 in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$17.25.

NexGen Energy Stock Up 1.3%

Shares of TSE:NXE traded up C$0.20 during midday trading on Wednesday, reaching C$16.07. The company’s stock had a trading volume of 1,114,223 shares, compared to its average volume of 2,833,449. 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 50 day moving average of C$14.62 and a 200-day moving average of C$12.47. The firm has a market capitalization of C$10.52 billion, a P/E ratio of -27.24 and a beta of 1.70. NexGen Energy has a 12-month low of C$5.59 and a 12-month high of C$18.91.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C($0.23) EPS for the quarter. On average, research analysts anticipate that NexGen Energy will post -0.07 earnings per share 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.