Haywood Securities Forecasts Strong Price Appreciation for NexGen Energy (TSE:NXE) Stock

NexGen Energy (TSE:NXE) had its target price boosted by equities researchers at Haywood Securities from C$12.50 to C$13.75 in a research note issued to investors on Wednesday,BayStreet.CA reports. Haywood Securities’ target price indicates a potential upside of 12.70% from the stock’s previous close.

NXE has been the subject of a number of other research reports. TD Securities dropped their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Thursday, August 8th. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Raymond James upped their price objective on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday. Royal Bank of Canada dropped their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, Ventum Financial upped their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$14.42.

NexGen Energy Stock Performance

TSE:NXE opened at C$12.20 on Wednesday. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The company has a fifty day moving average of C$9.56 and a two-hundred day moving average of C$9.47. The stock has a market capitalization of C$6.89 billion, a PE ratio of 70.88 and a beta of 1.76. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.23.

NexGen Energy (TSE:NXE) last issued its earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the business posted ($0.03) EPS. As a group, research analysts forecast that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.