NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has received a consensus recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$16.25.

A number of equities research analysts recently commented on the company. Canaccord Genuity Group increased their price target on NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. Scotiabank boosted their price objective on NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. National Bankshares increased their target price on NexGen Energy from C$15.50 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. Haywood Securities lifted their price target on NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th. Finally, 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.

NexGen Energy Stock Up 11.5%

NXE opened at C$14.08 on Friday. The firm’s 50-day simple moving average is C$12.36 and its 200-day simple moving average is C$11.14. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. NexGen Energy has a twelve month low of C$5.59 and a twelve month high of C$14.24. The firm has a market cap of C$9.22 billion, a price-to-earnings ratio of -23.86 and a beta of 1.43.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. Equities research analysts anticipate that NexGen Energy will post -0.07 EPS for the current fiscal year.

NexGen Energy Company Profile

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.