NexGen Energy Ltd. (TSE:NXE) Receives Consensus Recommendation of “Buy” from Analysts

Shares of NexGen Energy Ltd. (TSE:NXE) have been given a consensus rating of “Buy” by the seven analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$19.18.

Several research firms recently issued reports on NXE. UBS Group set a C$20.00 target price on NexGen Energy and gave the stock a “buy” rating in a research note on Thursday, March 5th. TD Securities increased their target price on NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Raymond James Financial increased their price target on NexGen Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Royal Bank Of Canada increased their price target on NexGen Energy from C$15.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Scotiabank increased their price target on NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, March 6th.

NexGen Energy Price Performance

NXE opened at C$17.36 on Friday. The stock’s 50-day moving average price is C$16.53 and its 200 day moving average price is C$14.58. NexGen Energy has a 12-month low of C$6.83 and a 12-month high of C$18.91. 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 firm has a market cap of C$11.48 billion, a price-to-earnings ratio of -32.75 and a beta of 1.11.

NexGen Energy (TSE:NXE) last posted its earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share (EPS) for the quarter. As a group, sell-side 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.