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

Shares of NexGen Energy Ltd. (TSE:NXE) have been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$19.75.

Separately, National Bank Financial increased their price target on NexGen Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Friday, April 17th.

NexGen Energy Price Performance

Shares of TSE NXE opened at C$12.90 on Wednesday. The firm has a 50-day simple moving average of C$15.12 and a 200-day simple moving average of C$15.66. The company has a quick ratio of 8.20, a current ratio of 1.37 and a debt-to-equity ratio of 42.09. The stock has a market capitalization of C$8.54 billion, a price-to-earnings ratio of -18.97 and a beta of 1.20. NexGen Energy has a 52 week low of C$8.68 and a 52 week high of C$18.91.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Tuesday, May 5th. The company reported C($0.24) EPS for the quarter. On average, equities analysts predict that NexGen Energy will post -0.07 earnings per share 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.