NexGen Energy Ltd. (TSE:NXE) Receives C$13.59 Consensus PT from Analysts

NexGen Energy Ltd. (TSE:NXE) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$13.59.

NXE has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Cormark raised their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Scotiabank raised their price objective on NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. Raymond James lifted their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Finally, Haywood Securities lifted their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th.

Insiders Place Their Bets

In other NexGen Energy news, Director Leigh Robert Curyer acquired 1,500,000 shares of the stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of C$10.05 per share, with a total value of C$15,075,000.00. 7.96% of the stock is currently owned by company insiders.

NexGen Energy Stock Performance

TSE:NXE opened at C$7.96 on Thursday. The company has a fifty day moving average of C$9.66 and a two-hundred day moving average of C$9.53. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.51. The stock has a market capitalization of C$4.50 billion, a PE ratio of 30.48 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16.

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.