Shares of NexGen Energy Ltd. (TSE:NXE – Get Free Report) rose 0.9% during mid-day trading on Monday . The stock traded as high as C$10.69 and last traded at C$10.56. Approximately 1,760,503 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 2,252,831 shares. The stock had previously closed at C$10.47.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Cormark increased their price objective on NexGen Energy from C$11.50 to C$13.75 in a report on Thursday, February 8th. Scotiabank set a C$13.50 price target on shares of NexGen Energy and gave the company an “outperform” rating in a research report on Monday, April 1st. Eight Capital upped their price objective on shares of NexGen Energy from C$13.00 to C$21.00 and gave the stock a “buy” rating in a report on Monday, January 15th. Finally, Raymond James raised their target price on shares of NexGen Energy from C$11.00 to C$12.00 in a research note on Friday, March 8th.
Read Our Latest Analysis on NexGen Energy
NexGen Energy Trading Up 0.9 %
NexGen Energy (TSE:NXE – Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.06). Analysts anticipate that NexGen Energy Ltd. will post -0.07 EPS for the current fiscal year.
Insider Activity
In related news, Director Bradley John Wall sold 500,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$10.20, for a total value of C$5,099,500.00. Insiders own 8.03% of the company’s stock.
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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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