Insider Buying: NexGen Energy Ltd. (TSE:NXE) Director Buys 1,800 Shares of Stock

NexGen Energy Ltd. (TSE:NXE) Director Bradley John Wall acquired 1,800 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of C$8.87 per share, for a total transaction of C$15,966.00.

Bradley John Wall also recently made the following trade(s):

• On Friday, July 12th, Bradley John Wall sold 188,000 shares of NexGen Energy stock. The shares were sold at an average price of C$7.42, for a total value of C$1,395,336.00.

NexGen Energy Stock Down 2.8 %

TSE NXE traded down C$0.25 during trading on Monday, reaching C$8.77. 1,004,564 shares of the company’s stock were exchanged, compared to its average volume of 2,036,081. The stock has a market cap of C$4.91 billion, a P/E ratio of 82.00 and a beta of 1.82. The company has a debt-to-equity ratio of 19.12, a quick ratio of 8.20 and a current ratio of 1.96. The company has a 50 day moving average price of C$9.75 and a two-hundred day moving average price of C$10.19. NexGen Energy Ltd. has a 1 year low of C$6.06 and a 1 year high of C$12.14.

NexGen Energy (TSE:NXE) 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, equities research analysts anticipate that NexGen Energy Ltd. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. Raymond James dropped their price objective on NexGen Energy from C$13.50 to C$13.00 in a report on Thursday, May 9th. Ventum Financial lowered their price target on NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, July 8th. Haywood Securities upgraded NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th. Finally, Scotiabank set a C$13.50 target price on NexGen Energy and gave the company an “outperform” rating in a research report on Monday, April 1st. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, NexGen Energy currently has an average rating of “Buy” and a consensus target price of C$13.14.

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.