NexGen Energy (TSE:NXE) Sets New 12-Month High – Here’s Why

NexGen Energy Ltd. (TSE:NXE) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$15.73 and last traded at C$14.87, with a volume of 1102698 shares changing hands. The stock had previously closed at C$14.94.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NXE shares. National Bankshares raised their price target on NexGen Energy from C$15.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Stifel Nicolaus raised their target price on NexGen Energy from C$17.00 to C$20.00 in a report on Tuesday, October 21st. Haywood Securities lifted their target price on NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. Canaccord Genuity Group increased their price target on shares of NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. Finally, BMO Capital Markets raised their price objective on shares of NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy presently has an average rating of “Buy” and a consensus price target of C$16.25.

NexGen Energy Stock Down 0.1%

The business has a 50-day simple moving average of C$12.53 and a 200-day simple moving average of C$11.34. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The company has a market cap of C$9.77 billion, a price-to-earnings ratio of -25.29 and a beta of 1.41.

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

About NexGen Energy

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.