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

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

NXE has been the subject of several other reports. Scotiabank set a C$13.50 price target on NexGen Energy and gave the company an outperform rating in a report on Monday, April 1st. Cormark raised their price target on NexGen Energy from C$11.50 to C$13.75 in a report on Thursday, February 8th. Finally, Eight Capital raised their price target 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, NexGen Energy currently has a consensus rating of Buy and an average target price of C$13.34.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at C$11.33 on Wednesday. The company has a current ratio of 11.00, a quick ratio of 8.20 and a debt-to-equity ratio of 19.56. The firm has a market capitalization of C$6.11 billion, a P/E 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 two-hundred day simple moving average of C$9.69. NexGen Energy has a 12 month low of C$4.91 and a 12 month high of C$12.00.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data 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). On average, equities analysts forecast that NexGen Energy will post -0.07 earnings per share 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.