TD Securities Lowers NexGen Energy (TSE:NXE) Price Target to C$12.00

NexGen Energy (TSE:NXE) had its price target reduced by TD Securities from C$13.00 to C$12.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently commented on the company. Scotiabank raised their target price on NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th. Cormark raised their price objective on shares of NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Haywood Securities increased their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Finally, Raymond James boosted their price target on NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$13.34.

NexGen Energy Stock Performance

Shares of NXE stock opened at C$7.08 on Thursday. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The stock has a 50 day simple moving average of C$9.17 and a 200-day simple moving average of C$9.50. The company has a market cap of C$4.01 billion, a price-to-earnings ratio of 27.11 and a beta of 1.76. NexGen Energy has a 12-month low of C$6.66 and a 12-month high of C$12.51.

Insider Buying and Selling

In other news, Director Leigh Robert Curyer acquired 1,500,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average price of C$10.05 per share, with a total value of C$15,075,000.00. Insiders own 7.96% of the company’s stock.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.