NexGen Energy (TSE:NXE – Free Report) had its target price decreased by Ventum Financial from C$12.50 to C$12.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.
A number of other analysts have also issued reports on NXE. Raymond James lowered their target price on NexGen Energy from C$13.50 to C$13.00 in a report on Thursday, May 9th. Scotiabank set a C$13.50 price objective on NexGen Energy and gave the stock an outperform rating in a research report on Monday, April 1st. Finally, Haywood Securities upgraded NexGen Energy to a strong-buy rating in a research report on Friday, May 17th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of C$13.14.
Check Out Our Latest Research Report on NXE
NexGen Energy Stock Performance
NexGen Energy (TSE:NXE – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). On average, equities analysts forecast that NexGen Energy will post -0.07 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Richard J. Patricio sold 175,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. 8.23% of the stock is owned by corporate insiders.
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.
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