Insider Buying: NexGen Energy Ltd. (TSE:NXE) Director Buys C$15,966.00 in Stock

NexGen Energy Ltd. (TSE:NXE) Director Bradley John Wall bought 1,800 shares of NexGen Energy stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of C$8.87 per share, with a total value of C$15,966.00.

Bradley John Wall also recently made the following trade(s):

• On Friday, July 12th, Bradley John Wall sold 188,000 shares of NexGen Energy stock. The shares were sold at an average price of C$7.42, for a total transaction of C$1,395,336.00.

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at C$9.20 on Thursday. The firm has a market cap of C$5.15 billion, a PE ratio of 83.64 and a beta of 1.82. The stock has a 50 day moving average of C$9.65 and a 200 day moving average of C$10.17. The company has a current ratio of 1.96, a quick ratio of 8.20 and a debt-to-equity ratio of 19.12. NexGen Energy Ltd. has a 12 month low of C$6.06 and a 12 month high of C$12.14.

NexGen Energy (TSE:NXE) last posted its earnings results on Wednesday, May 8th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). On average, research analysts expect that NexGen Energy Ltd. will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on NXE. Ventum Financial decreased their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, July 8th. Raymond James lowered their price objective on NexGen Energy from C$13.50 to C$13.00 in a research report on Thursday, May 9th. Haywood Securities upgraded NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Finally, Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$13.14.

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 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.