NexGen Energy (TSE:NXE) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

NexGen Energy (TSE:NXE) had its price target hoisted by Royal Bank of Canada from C$10.00 to C$15.00 in a research report released on Thursday,BayStreet.CA reports.

Several other equities analysts have also issued reports on NXE. TD Securities cut their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. National Bankshares boosted their price target on NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cormark lifted their target price on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday. Finally, Raymond James increased their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday. Seven research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, NexGen Energy currently has an average rating of “Buy” and an average target price of C$14.42.

NexGen Energy Price Performance

Shares of NXE stock opened at C$12.42 on Thursday. The stock has a market capitalization of C$7.01 billion, a price-to-earnings ratio of 73.06 and a beta of 1.76. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.51. The stock has a fifty day simple moving average of C$9.77 and a two-hundred day simple moving average of C$9.49.

NexGen Energy (TSE:NXE) last issued its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) 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. On average, 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.