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

NexGen Energy (TSE:NXEFree Report) had its target price raised by Cormark from C$13.00 to C$13.50 in a report released on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts have also commented on NXE. TD Securities lowered their price target 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. Scotiabank boosted their price objective on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday. Haywood Securities boosted their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday. Royal Bank of Canada reduced their price objective 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. Finally, National Bankshares boosted their price objective 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. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of “Buy” and a consensus target price of C$14.42.

Read Our Latest Research Report on NXE

NexGen Energy Trading Up 1.8 %

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

NexGen Energy (TSE:NXEGet Free Report) last posted its quarterly 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 in the prior year, the company posted ($0.03) EPS. As a group, equities research analysts forecast that NexGen Energy will post -0.07 earnings per share for the current year.

NexGen Energy Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for NexGen Energy (TSE:NXE)

Receive News & Ratings for NexGen Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexGen Energy and related companies with MarketBeat.com's FREE daily email newsletter.