NexGen Energy (TSE:NXE) Given New C$14.00 Price Target at Scotiabank

NexGen Energy (TSE:NXE) had its price objective raised by Scotiabank from C$12.00 to C$14.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

NXE has been the subject of several other research reports. National Bankshares raised their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Stifel Nicolaus raised their price objective on shares of NexGen Energy from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, TD Securities raised their price objective on shares of NexGen Energy from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of “Buy” and a consensus target price of C$14.03.

NexGen Energy Stock Up 7.6%

Shares of TSE:NXE opened at C$13.20 on Tuesday. The company has a market cap of C$8.20 billion, a price-to-earnings ratio of -40.00 and a beta of 1.57. The firm’s 50-day simple moving average is C$11.02 and its 200-day simple moving average is C$9.18. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. NexGen Energy has a fifty-two week low of C$5.59 and a fifty-two week high of C$13.74.

Insider Transactions at NexGen Energy

In other NexGen Energy news, Director Richard J. Patricio sold 125,000 shares of NexGen Energy stock in a transaction dated 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 transaction, the director owned 1,269,900 shares in the company, valued at approximately C$11,937,060. The trade was a 8.96% decrease in their ownership of the stock. Insiders own 7.96% of the company’s stock.

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.