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

NexGen Energy Ltd. (TSE:NXE) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$19.75.

Several equities research analysts have recently commented on NXE shares. Stifel Nicolaus raised their target price on shares of NexGen Energy from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Scotiabank raised their target price on shares of NexGen Energy from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Royal Bank Of Canada raised their target price on shares of NexGen Energy from C$15.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Raymond James Financial raised their target price on shares of NexGen Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, National Bank Financial raised their target price on shares of NexGen Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th.

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at C$13.76 on Friday. The firm has a market cap of C$9.11 billion, a PE ratio of -20.24 and a beta of 1.20. NexGen Energy has a 12-month low of C$8.68 and a 12-month high of C$18.91. 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 company’s fifty day simple moving average is C$15.96 and its two-hundred day simple moving average is C$15.43.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C($0.24) earnings per share (EPS) for the quarter. As a group, equities analysts expect 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.