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

NexGen Energy Ltd. (TSE:NXE) has been given an average recommendation of “Buy” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$19.75.

Separately, National Bank Financial increased their price objective on NexGen Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th.

NexGen Energy Price Performance

Shares of NXE stock opened at C$12.90 on Wednesday. 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 company has a market capitalization of C$8.54 billion, a PE ratio of -18.97 and a beta of 1.20. The firm’s 50-day moving average is C$15.12 and its two-hundred day moving average is C$15.66. NexGen Energy has a 12 month low of C$8.68 and a 12 month high of C$18.91.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C($0.24) earnings per share (EPS) for the quarter. Analysts predict that NexGen Energy will post -0.07 earnings per share for the current 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.