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

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

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

Insider Transactions at NexGen Energy

In other news, Director Leigh Robert Curyer purchased 1,500,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average price of C$10.05 per share, with a total value of C$15,075,000.00. Insiders own 7.96% of the company’s stock.

NexGen Energy Stock Performance

Shares of NXE stock opened at C$10.38 on Friday. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.51. The business’s 50 day moving average is C$10.63 and its two-hundred day moving average is C$9.59. The company has a market capitalization of C$5.86 billion, a P/E ratio of 61.06 and a beta of 1.76.

NexGen Energy (TSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Analysts expect that NexGen Energy will post -0.07 EPS for the current fiscal 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.