Raymond James Raises NexGen Energy (TSE:NXE) Price Target to C$14.00

NexGen Energy (TSE:NXE) had its price target upped by Raymond James from C$12.00 to C$14.00 in a report released on Tuesday morning, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Eight Capital upped their target price on NexGen Energy from C$13.00 to C$21.00 and gave the company a buy rating in a report on Monday, January 15th. Scotiabank set a C$13.50 target price on NexGen Energy and gave the company an outperform rating in a report on Monday, April 1st. Finally, Cormark upped their target price on NexGen Energy from C$11.50 to C$13.75 in a report on Thursday, February 8th.

NexGen Energy Price Performance

NXE stock opened at C$10.53 on Tuesday. The company has a current ratio of 11.00, a quick ratio of 8.20 and a debt-to-equity ratio of 19.56. NexGen Energy has a one year low of C$4.91 and a one year high of C$12.00. The firm has a market capitalization of C$5.68 billion, a PE ratio of 65.81 and a beta of 1.80. The firm has a 50-day moving average of C$10.38 and a two-hundred day moving average of C$9.54.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.06). On average, analysts forecast that NexGen Energy will post -0.07 earnings per share for the current year.

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.