Raymond James Cuts NexGen Energy (TSE:NXE) Price Target to C$13.50

NexGen Energy (TSE:NXE) had its price target lowered by Raymond James from C$14.00 to C$13.50 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for NexGen Energy’s FY2024 earnings at ($0.13) EPS.

Several other research firms have also weighed in on NXE. Scotiabank set a C$13.50 price target on NexGen Energy and gave the company an outperform rating in a research report on Monday, April 1st. Cormark increased their target price on shares of NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Finally, Eight Capital lifted their price objective on NexGen Energy from C$13.00 to C$21.00 and gave the company a buy rating in a research report on Monday, January 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, NexGen Energy currently has an average rating of Buy and a consensus price target of C$13.34.

NexGen Energy Trading Up 1.3 %

Shares of TSE NXE opened at C$11.33 on Wednesday. The company has a quick ratio of 8.20, a current ratio of 11.00 and a debt-to-equity ratio of 19.56. NexGen Energy has a 12 month low of C$4.91 and a 12 month high of C$12.00. The company has a market cap of C$6.11 billion, a price-to-earnings ratio of 70.81 and a beta of 1.82. The business has a fifty day simple moving average of C$10.55 and a 200-day simple moving average of C$9.68.

NexGen Energy (TSE:NXE) 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). Sell-side analysts predict that NexGen Energy will post -0.07 EPS for the current 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.