NexGen Energy Ltd. (TSE:NXE) Given Consensus Rating of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has received an average rating of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$19.18.

NXE has been the topic of several recent analyst reports. UBS Group set a C$20.00 price objective on shares of NexGen Energy and gave the company a “buy” rating in a report on Thursday, March 5th. Stifel Nicolaus boosted their price target on NexGen Energy from C$22.00 to C$30.00 and gave the company a “buy” rating in a research note on Friday, March 6th. National Bank Financial boosted their price target on NexGen Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Royal Bank Of Canada boosted their price target on NexGen Energy from C$15.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Scotiabank boosted their price target on NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, March 6th.

NexGen Energy Price Performance

TSE:NXE opened at C$15.49 on Tuesday. The company has a debt-to-equity ratio of 42.09, a current ratio of 1.37 and a quick ratio of 8.20. The firm has a market cap of C$10.25 billion, a PE ratio of -22.78 and a beta of 1.15. The company has a 50-day moving average of C$16.44 and a 200 day moving average of C$15.07. NexGen Energy has a 1-year low of C$7.35 and a 1-year high of C$18.91.

NexGen Energy (TSE:NXE) last posted its earnings results on Tuesday, May 5th. The company reported C($0.24) EPS for the quarter. As a group, research analysts anticipate that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

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.