NexGen Energy Ltd. (TSE:NXE) Receives Consensus Rating of “Buy” from Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have earned an average rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$14.42.

Several equities research analysts have recently issued reports on NXE shares. Scotiabank increased their price objective on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. Haywood Securities raised their price objective on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Cormark upped their target price on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. National Bankshares raised their target price on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada increased their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st.

Insider Buying and Selling at NexGen Energy

In other news, Director Leigh Robert Curyer acquired 1,500,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were purchased at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is currently owned by insiders.

NexGen Energy Price Performance

NexGen Energy stock opened at C$10.75 on Wednesday. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.51. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The firm has a 50 day moving average price of C$10.67 and a 200 day moving average price of C$9.53. The company has a market cap of C$6.07 billion, a price-to-earnings ratio of 63.24 and a beta of 1.76.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period last year, the business posted ($0.03) earnings per share. Sell-side analysts predict that NexGen Energy will post -0.07 earnings per share for the current year.

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.