NexGen Energy (TSE:NXE) Price Target Raised to C$12.00

NexGen Energy (TSE:NXE) had its price target upped by TD Securities from C$11.00 to C$12.00 in a research note published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Desjardins set a C$13.50 target price on NexGen Energy and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$13.25.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at C$9.45 on Friday. NexGen Energy has a 52 week low of C$5.59 and a 52 week high of C$12.51. The business’s fifty day simple moving average is C$9.26 and its 200-day simple moving average is C$8.17. The firm has a market cap of C$5.35 billion, a PE ratio of 36.18 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.