NexGen Energy Ltd. (TSE:NXE) Given Average Rating of “Buy” by Analysts

NexGen Energy Ltd. (TSE:NXE) has received an average recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$19.09.

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of NexGen Energy from C$15.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. UBS Group set a C$20.00 price objective on NexGen Energy and gave the company a “buy” rating in a research note on Thursday, March 5th. Scotiabank increased their target price on NexGen Energy from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. TD Securities increased their price objective on NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Finally, National Bank Financial boosted their target price on shares of 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.

NexGen Energy Price Performance

TSE NXE opened at C$15.32 on Monday. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$18.91. The company has a fifty day simple moving average of C$16.60 and a 200 day simple moving average of C$14.02. The company has a current ratio of 1.82, a quick ratio of 8.20 and a debt-to-equity ratio of 32.03. The company has a market cap of C$10.13 billion, a P/E ratio of -28.91 and a beta of 1.11.

NexGen Energy (TSE:NXE) last announced its earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share for the quarter. On average, sell-side analysts predict that NexGen Energy will post -0.07 EPS 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.