Insider Selling: NexGen Energy Ltd. (TSE:NXE) Director Sells 1,250,000 Shares of Stock

NexGen Energy Ltd. (TSE:NXE) Director Leigh Robert Curyer sold 1,250,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$11.55, for a total transaction of C$14,442,875.00.

NexGen Energy Trading Down 3.6 %

TSE NXE traded down C$0.40 during trading hours on Friday, hitting C$10.69. 1,213,116 shares of the company were exchanged, compared to its average volume of 1,927,272. The stock has a market cap of C$6.04 billion, a PE ratio of 63.00 and a beta of 1.76. NexGen Energy Ltd. has a 52 week low of C$7.04 and a 52 week high of C$12.51. The stock has a 50-day moving average price of C$10.63 and a 200 day moving average price of C$9.56. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09.

NexGen Energy (TSE:NXE) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Analysts forecast that NexGen Energy Ltd. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. National Bankshares increased their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Scotiabank lifted their target price on NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Ventum Financial increased their price objective on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Cormark boosted their target price on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NexGen Energy has an average rating of “Buy” and a consensus price target of C$14.42.

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.