NexGen Energy (TSE:NXE) Price Target Raised to C$14.00 at Scotiabank

NexGen Energy (TSE:NXE) had its price objective lifted by equities researchers at Scotiabank from C$12.75 to C$14.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 19.56% from the company’s current price.

A number of other analysts have also recently commented on NXE. TD Securities reduced their price objective on 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. Cormark reduced their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. National Bankshares upped 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 report on Thursday, October 24th. Finally, Raymond James decreased their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$13.86.

NexGen Energy Stock Down 1.0 %

Shares of NXE traded down C$0.12 on Wednesday, reaching C$11.71. The stock had a trading volume of 2,270,944 shares, compared to its average volume of 1,963,025. The firm has a market capitalization of C$6.61 billion, a price-to-earnings ratio of 68.88 and a beta of 1.76. The company has a 50-day simple moving average of C$9.48 and a 200-day simple moving average of C$9.45. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.14. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20.

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