NexGen Energy Ltd. (TSE:NXE) Receives C$14.61 Consensus PT from Brokerages

NexGen Energy Ltd. (TSE:NXE) has been given an average recommendation of “Buy” by the five research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$15.16.

NXE has been the topic of a number of research analyst reports. Scotiabank upped their price target on shares of NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. BMO Capital Markets upped their price target on shares of NexGen Energy from C$14.00 to C$16.00 in a research report on Friday, October 17th. TD Securities upped their price target on shares of NexGen Energy from C$12.00 to C$15.00 in a research report on Tuesday. Canaccord Genuity Group upped their price objective on shares of NexGen Energy from C$16.00 to C$18.50 in a report on Friday, October 17th. Finally, Stifel Nicolaus upped their price objective on shares of NexGen Energy from C$17.00 to C$20.00 in a report on Tuesday.

Insider Buying and Selling at NexGen Energy

In other news, Director Richard J. Patricio sold 125,000 shares of the company’s 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 transaction, the director owned 1,269,900 shares in the company, valued at approximately C$11,937,060. This represents a 8.96% decrease in their ownership of the stock. Corporate insiders own 7.96% of the company’s stock.

NexGen Energy Stock Performance

Shares of NXE opened at C$11.77 on Tuesday. 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 stock has a market capitalization of C$7.31 billion, a P/E ratio of -35.67 and a beta of 1.57. The firm’s fifty day simple moving average is C$11.38 and its two-hundred day simple moving average is C$9.44. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$13.75.

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.