Raymond James Financial Issues Positive Forecast for NexGen Energy (TSE:NXE) Stock Price

NexGen Energy (TSE:NXE) had its price objective raised by equities researchers at Raymond James Financial from C$18.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 20.77% from the company’s current price.

NXE has been the topic of a number of other reports. UBS Group set a C$20.00 price target on shares of NexGen Energy and gave the stock a “buy” rating in a report on Thursday. TD Securities increased their target price on shares of NexGen Energy from C$15.00 to C$20.00 in a research report on Thursday, January 22nd. National Bank Financial lifted their price target on shares of NexGen Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Stifel Nicolaus increased their price objective on NexGen Energy from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Haywood Securities raised their target price on NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$19.09.

NexGen Energy Stock Performance

Shares of NexGen Energy stock traded down C$0.41 during mid-day trading on Friday, hitting C$16.56. 1,370,312 shares of the stock were exchanged, compared to its average volume of 2,573,986. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$18.91. The company has a 50-day simple moving average of C$16.05 and a 200 day simple moving average of C$13.30. The company has a market capitalization of C$10.84 billion, a P/E ratio of -28.07 and a beta of 1.11. The company has a debt-to-equity ratio of 32.03, a quick ratio of 8.20 and a current ratio of 1.82.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C($0.06) EPS for the quarter. Sell-side analysts anticipate that NexGen Energy will post -0.07 earnings per share 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.