NexGen Energy Ltd. (TSE:NXE) Given Average Recommendation of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has been given an average recommendation of “Buy” by the ten analysts that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$13.22.

NXE has been the subject of several recent analyst reports. National Bankshares dropped their target price on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating for the company in a report on Friday, March 7th. Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. TD Securities cut their target price on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Scotiabank lowered their price target on NexGen Energy from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a report on Tuesday, March 25th.

NexGen Energy Price Performance

TSE NXE opened at C$6.15 on Friday. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$12.51. The stock has a market cap of C$3.48 billion, a price-to-earnings ratio of 23.55 and a beta of 1.76. The company’s 50 day moving average is C$7.42 and its two-hundred day moving average is C$9.25.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.