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

NexGen Energy (TSE:NXE) had its price objective raised by equities research analysts at National Bankshares from C$15.50 to C$18.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 42.97% from the stock’s current price.

Several other analysts have also commented on NXE. Stifel Nicolaus increased their price target on shares of NexGen Energy from C$17.00 to C$20.00 in a research report on Tuesday, October 21st. TD Securities upped their target price on NexGen Energy from C$12.00 to C$15.00 in a research note on Tuesday, October 21st. Canaccord Genuity Group raised their price target on NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. Scotiabank upped their price objective on NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. Finally, Haywood Securities increased their price objective on NexGen Energy from C$12.50 to C$15.00 in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$16.25.

NexGen Energy Stock Up 7.5%

NexGen Energy stock opened at C$12.59 on Friday. NexGen Energy has a fifty-two week low of C$5.59 and a fifty-two week high of C$13.96. The firm has a market capitalization of C$8.24 billion, a price-to-earnings ratio of -21.34 and a beta of 1.43. The stock’s fifty day moving average is C$12.23 and its two-hundred day moving average is C$10.87. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16.

NexGen Energy (TSE:NXE) last released its quarterly earnings results on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. Analysts predict that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery. as well as the discovered Harpoon area located northeast of the Arrow deposit.