NexGen Energy (TSE:NXE – Get Free Report) had its target price lowered by equities research analysts at Ventum Financial from C$12.50 to C$12.00 in a research note issued on Monday, BayStreet.CA reports. Ventum Financial’s target price indicates a potential upside of 28.21% from the stock’s current price.
NXE has been the subject of a number of other reports. Raymond James dropped their price target on NexGen Energy from C$13.50 to C$13.00 in a research note on Thursday, May 9th. Scotiabank set a C$13.50 price target on NexGen Energy and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$13.14.
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NexGen Energy Stock Performance
NexGen Energy (TSE:NXE – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). As a group, equities research analysts predict that NexGen Energy will post -0.07 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Richard J. Patricio sold 175,000 shares of the business’s stock in a transaction on 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. 8.23% of the stock is owned by company insiders.
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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