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

NexGen Energy Ltd. (TSE:NXE) has been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$13.38.

NXE has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. National Bankshares boosted their target price on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Scotiabank decreased their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th. National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, TD Securities decreased their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

NexGen Energy Trading Down 1.4 %

TSE:NXE opened at C$10.11 on Tuesday. The company has a market capitalization of C$5.71 billion, a P/E ratio of 59.47 and a beta of 1.76. The firm has a fifty day simple moving average of C$9.19 and a 200-day simple moving average of C$9.46. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.14. 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 (TSE:NXE) last posted 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 prior year, the business posted ($0.03) EPS. On average, equities research analysts anticipate 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.