NexGen Energy (TSE:NXE) Stock Price Expected to Rise, National Bank Financial Analyst Says

NexGen Energy (TSE:NXE) had its price objective hoisted by equities researchers at National Bank Financial from C$19.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 15.34% from the stock’s current price.

A number of other research firms have also recently issued reports on NXE. 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. Royal Bank Of Canada increased their price objective on shares of NexGen Energy from C$15.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Raymond James Financial increased their price objective on shares of NexGen Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. TD Securities increased their price objective on shares of NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus increased their price objective on shares of NexGen Energy from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$19.18.

NexGen Energy Price Performance

NXE stock opened at C$17.34 on Friday. The stock has a 50-day moving average price of C$16.42 and a two-hundred day moving average price of C$14.46. The stock has a market cap of C$11.46 billion, a PE ratio of -32.72 and a beta of 1.11. The company has a current ratio of 1.82, a quick ratio of 8.20 and a debt-to-equity ratio of 32.03. NexGen Energy has a 1 year low of C$6.08 and a 1 year high of C$18.91.

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