Brokerages Set NexGen Energy Ltd. (TSE:NXE) Price Target at C$13.75

Shares of NexGen Energy Ltd. (TSE:NXE) have been given an average recommendation of “Buy” by the five analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$13.75.

Several brokerages have recently weighed in on NXE. Stifel Nicolaus raised their target price on NexGen Energy from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Friday. TD Securities upped their target price on shares of NexGen Energy from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday, August 8th. National Bankshares lifted their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Desjardins set a C$13.50 price target on shares of NexGen Energy and gave the company a “buy” rating in a research report on Tuesday, June 10th.

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at C$12.70 on Friday. The stock has a market capitalization of C$7.25 billion, a price-to-earnings ratio of -38.48 and a beta of 1.61. 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 has a 1-year low of C$5.59 and a 1-year high of C$13.06. The firm has a fifty day simple moving average of C$10.31 and a 200-day simple moving average of C$8.73.

Insider Activity at NexGen Energy

In other news, Director Richard J. Patricio sold 125,000 shares of NexGen Energy stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of C$9.40, for a total transaction of C$1,175,000.00. Following the completion of the sale, the director owned 1,269,900 shares in the company, valued at C$11,937,060. The trade was a 8.96% decrease in their position. 7.96% of the stock is owned by company insiders.

NexGen Energy Company Profile

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.