NexGen Energy (TSE:NXE) Given New C$20.00 Price Target at TD Securities

NexGen Energy (TSE:NXE) had its price objective increased by TD Securities from C$15.00 to C$20.00 in a research note published on Thursday,BayStreet.CA reports.

NXE has been the topic of a number of other research reports. Scotiabank lifted their price target on shares of NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. Canaccord Genuity Group increased their price objective on shares of NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. BMO Capital Markets boosted their price objective on shares of NexGen Energy from C$14.00 to C$16.00 in a research report on Friday, October 17th. National Bankshares upped their target price on shares of NexGen Energy from C$15.50 to C$18.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Finally, Stifel Nicolaus increased their target price on NexGen Energy from C$17.00 to C$20.00 in a report on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, NexGen Energy currently has a consensus rating of “Buy” and an average price target of C$16.88.

NexGen Energy Stock Up 1.3%

TSE:NXE opened at C$17.28 on Thursday. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$17.50. The stock has a 50-day moving average price of C$13.32 and a two-hundred day moving average price of C$11.77. The stock has a market cap of C$11.31 billion, a price-to-earnings ratio of -29.29 and a beta of 1.41. 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 (TSE:NXE) last released its quarterly earnings results on Wednesday, November 5th. The company reported C($0.23) EPS for the quarter. As a group, equities analysts expect that NexGen Energy will post -0.07 earnings per share for the current 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.