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

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

A number of equities analysts have issued reports on NXE shares. UBS Group set a C$20.00 target price on NexGen Energy and gave the stock a “buy” rating in a report on Thursday, March 5th. TD Securities increased their price target on shares of NexGen Energy from C$15.00 to C$20.00 in a research report on Thursday, January 22nd. National Bank Financial lifted their price objective on shares of NexGen Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Raymond James Financial boosted their price objective on shares of NexGen Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Finally, 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.

NexGen Energy Price Performance

TSE:NXE opened at C$15.32 on Monday. The company has a quick ratio of 8.20, a current ratio of 1.82 and a debt-to-equity ratio of 32.03. NexGen Energy has a 12-month low of C$5.59 and a 12-month high of C$18.91. The stock’s fifty day simple moving average is C$16.60 and its 200-day simple moving average is C$14.02. The firm has a market capitalization of C$10.13 billion, a P/E ratio of -28.91 and a beta of 1.11.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Wednesday, March 4th. The company reported C($0.06) EPS for the quarter. Equities research 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.