NexGen Energy (TSE:NXE – Get Free Report) had its price target lowered by investment analysts at TD Securities from C$13.00 to C$12.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 56.86% from the company’s current price.
NXE has been the subject of a number of other reports. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. Raymond James cut 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 note on Friday, August 2nd. Scotiabank reduced their price target on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Ventum Financial dropped their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a report on Monday, July 8th. Finally, Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$12.89.
Get Our Latest Stock Report on NexGen Energy
NexGen Energy Trading Up 1.9 %
Shares of NXE traded up C$0.14 during trading on Thursday, reaching C$7.65. 1,385,346 shares of the company traded hands, compared to its average volume of 2,097,401. The stock has a 50-day simple moving average of C$9.22 and a 200-day simple moving average of C$10.04. The stock has a market cap of C$4.28 billion, a PE ratio of 69.55 and a beta of 1.82. NexGen Energy has a twelve month low of C$6.26 and a twelve month high of C$12.14. The company has a quick ratio of 8.20, a current ratio of 1.96 and a debt-to-equity ratio of 19.12.
NexGen Energy (TSE:NXE – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.02). On average, analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current year.
Insider Buying and Selling at NexGen Energy
In other news, Director Richard J. Patricio sold 175,000 shares of NexGen Energy stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. In other news, Director Richard J. Patricio sold 175,000 shares of the firm’s stock in a transaction dated 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. Also, Director Bradley John Wall sold 188,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of C$7.42, for a total value of C$1,395,336.00. Insiders own 8.23% of the company’s stock.
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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