NexGen Energy (TSE:NXE) Price Target Raised to C$13.50

NexGen Energy (TSE:NXE) had its target price lifted by Raymond James from C$12.00 to C$13.50 in a research note released on Wednesday morning,BayStreet.CA reports. Raymond James also issued estimates for NexGen Energy’s FY2024 earnings at ($0.07) EPS and FY2025 earnings at ($0.09) EPS.

A number of other research analysts have also recently commented on the stock. Ventum Financial increased their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. National Bankshares increased their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Scotiabank increased their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, NexGen Energy presently has a consensus rating of “Buy” and a consensus price target of C$14.42.

NexGen Energy Stock Up 1.8 %

NXE stock opened at C$12.42 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. The company’s 50 day moving average is C$9.66 and its 200 day moving average is C$9.48. The stock has a market cap of C$7.01 billion, a price-to-earnings ratio of 71.76 and a beta of 1.76. NexGen Energy has a 1-year low of C$7.04 and a 1-year high of C$12.51.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same period in the prior year, the company posted ($0.03) EPS. Sell-side analysts predict that NexGen Energy will post -0.07 EPS for the current fiscal year.

NexGen Energy Company Profile

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.