NexGen Energy Ltd. (TSE:NXE) Given Consensus Rating of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$13.38.

A number of equities analysts recently commented on NXE shares. Ventum Financial lifted their price objective on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Cormark dropped their price target on NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Raymond James dropped their price target on 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. Finally, Royal Bank of Canada dropped their price target on NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th.

NexGen Energy Price Performance

NexGen Energy stock opened at C$11.11 on Tuesday. The stock’s 50 day moving average is C$9.40 and its 200 day moving average is C$9.45. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. The firm has a market cap of C$6.27 billion, a P/E ratio of 66.06 and a beta of 1.76. NexGen Energy has a one year low of C$7.04 and a one year high of C$12.14.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period in the prior year, the business earned ($0.03) earnings per share. As a group, research analysts expect 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.