NexGen Energy (TSE:NXE) Sets New 52-Week High – What’s Next?

Shares of NexGen Energy Ltd. (TSE:NXE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$17.04 and last traded at C$17.03, with a volume of 1794452 shares. The stock had previously closed at C$16.59.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NXE. TD Securities increased their target price on NexGen Energy from C$12.00 to C$15.00 in a research report on Tuesday, October 21st. National Bankshares raised their target price on shares of NexGen Energy from C$15.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Canaccord Genuity Group upped their price target on shares of NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. BMO Capital Markets increased their price target on shares of NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. Finally, Stifel Nicolaus boosted their price objective on shares of NexGen Energy from C$17.00 to C$20.00 in a research note on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$16.25.

NexGen Energy Stock Up 2.8%

The stock has a market capitalization of C$11.17 billion, a price-to-earnings ratio of -28.92 and a beta of 1.41. The firm has a 50-day moving average of C$13.09 and a 200 day moving average of C$11.69. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49.

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