NexGen Energy (TSE:NXE) Stock Price Expected to Rise, Haywood Securities Analyst Says

NexGen Energy (TSE:NXE) had its target price raised by Haywood Securities from C$12.50 to C$13.75 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on NXE. Ventum Financial increased their target price on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Securities lowered their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. 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 lifted their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday. Seven investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$13.86.

NexGen Energy Stock Down 1.5 %

Shares of NexGen Energy stock opened at C$11.65 on Wednesday. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.14. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. The company’s 50 day moving average is C$9.48 and its 200 day moving average is C$9.45. The company has a market cap of C$6.58 billion, a price-to-earnings ratio of 68.53 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 for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the firm posted ($0.03) EPS. Research analysts anticipate that NexGen Energy will post -0.07 EPS for the current year.

NexGen Energy Company Profile

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.