NexGen Energy Ltd. (TSE:NXE) Receives Average Rating of “Buy” from Brokerages

NexGen Energy Ltd. (TSE:NXE) has been given a consensus rating of “Buy” by the ten research firms that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$14.42.

A number of equities analysts have recently commented on the stock. National Bankshares lifted their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Haywood Securities lifted their target price on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Raymond James upped their price target on NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Royal Bank of Canada raised their price objective on NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Finally, Scotiabank upped their target price on NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th.

NexGen Energy Price Performance

NexGen Energy stock opened at C$9.48 on Wednesday. The stock has a 50-day moving average price of C$10.73 and a two-hundred day moving average price of C$9.51. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.51. The company has a market capitalization of C$5.35 billion, a PE ratio of 55.76 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 (TSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the company posted ($0.03) EPS. Analysts expect that NexGen Energy will post -0.07 EPS for the current year.

Insider Activity

In other news, Director Leigh Robert Curyer sold 1,250,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$11.55, for a total value of C$14,442,875.00. 7.96% of the stock is currently owned by company insiders.

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.