NexGen Energy (TSE:NXE) Stock Price Expected to Rise, TD Securities Analyst Says

NexGen Energy (TSE:NXE) had its price objective upped by equities researchers at TD Securities from C$15.00 to C$20.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 15.87% from the stock’s current price.

A number of other research firms have also recently commented on NXE. Haywood Securities lifted their target price on NexGen Energy from C$12.50 to C$15.00 in a research note on Monday, November 10th. Stifel Nicolaus lifted their price objective on shares of NexGen Energy from C$17.00 to C$20.00 in a research report on Tuesday, October 21st. Scotiabank boosted their target price on shares of NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. National Bankshares increased their target price on shares of NexGen Energy from C$15.50 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, BMO Capital Markets raised their price target on shares of NexGen Energy from C$14.00 to C$16.00 in a research note on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$16.88.

NexGen Energy Price Performance

Shares of TSE NXE opened at C$17.26 on Thursday. NexGen Energy has a twelve month low of C$5.59 and a twelve month high of C$17.52. The stock’s 50 day moving average price is C$13.43 and its 200-day moving average price is C$11.82. The company has a market capitalization of C$11.30 billion, a PE ratio of -29.25 and a beta of 1.41. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($0.23) EPS for the quarter. On average, equities analysts anticipate that NexGen Energy will post -0.07 EPS for the current 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.