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

Shares of NexGen Energy Ltd. (TSE:NXE) have been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$19.75.

A number of research analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Royal Bank Of Canada lifted their price target on shares of NexGen Energy from C$15.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. UBS Group set a C$20.00 price target on shares of NexGen Energy and gave the company a “buy” rating in a research report on Thursday, March 5th. National Bank Financial lifted their price target on shares of NexGen Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Raymond James Financial lifted their price target on shares of NexGen Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th.

NexGen Energy Trading Up 1.1%

Shares of TSE NXE opened at C$13.76 on Friday. NexGen Energy has a 1 year low of C$8.68 and a 1 year high of C$18.91. The stock has a market cap of C$9.11 billion, a P/E ratio of -20.24 and a beta of 1.20. The firm has a 50-day moving average of C$15.96 and a 200 day moving average of C$15.43. The company has a debt-to-equity ratio of 42.09, a current ratio of 1.37 and a quick ratio of 8.20.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C($0.24) earnings per share (EPS) for the quarter. As a group, sell-side 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.