NexGen Energy (TSE:NXE) Hits New 12-Month High – Time to Buy?

NexGen Energy Ltd. (TSE:NXE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$18.04 and last traded at C$16.73, with a volume of 2987064 shares traded. The stock had previously closed at C$17.26.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NXE shares. Scotiabank lifted their price objective on NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. TD Securities lifted their target price on NexGen Energy from C$15.00 to C$20.00 in a research report on Thursday, January 22nd. Canaccord Genuity Group upped their price target on NexGen Energy from C$16.00 to C$18.50 in a report on Friday, October 17th. National Bankshares lifted their price objective on NexGen Energy from C$15.50 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. Finally, Stifel Nicolaus upped their target price on shares of NexGen Energy from C$17.00 to C$20.00 in a research note on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$16.88.

NexGen Energy Price Performance

The stock has a market capitalization of C$12.33 billion, a price-to-earnings ratio of -31.93 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The company’s 50 day moving average is C$13.81 and its 200 day moving average is C$12.03.

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