Stifel Nicolaus Raises NexGen Energy (TSE:NXE) Price Target to C$22.00

NexGen Energy (TSE:NXE) had its price target increased by Stifel Nicolaus from C$20.00 to C$22.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 40.13% from the stock’s previous close.

NXE has been the subject of a number of other research reports. National Bank Financial boosted their price objective on NexGen Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Canaccord Genuity Group lifted their target price on shares of NexGen Energy from C$16.00 to C$18.50 in a report on Friday, October 17th. Scotiabank increased their price target on shares of NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. TD Securities raised their price objective on shares of NexGen Energy from C$15.00 to C$20.00 in a research report on Thursday, January 22nd. Finally, Haywood Securities upped their target price on shares of NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$17.25.

NexGen Energy Stock Performance

TSE NXE opened at C$15.70 on Wednesday. The company has a fifty day moving average of C$14.72 and a two-hundred day moving average of C$12.52. The company has a market capitalization of C$10.28 billion, a PE ratio of -26.61 and a beta of 1.70. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$18.91. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20.

NexGen Energy (TSE:NXE) last announced its earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. As a group, analysts expect that NexGen Energy will post -0.07 earnings per share for the current 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.