NexGen Energy (TSE:NXE – Get Free Report) had its target price reduced by stock analysts at Scotiabank from C$13.50 to C$12.50 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 63.61% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. Ventum Financial cut their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, July 8th. Haywood Securities raised shares of NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th. Cormark decreased their price objective on shares of NexGen Energy from C$13.75 to C$13.00 in a report on Friday. Finally, Raymond James reduced their price objective on NexGen Energy from C$13.50 to C$13.00 in a report on Thursday, May 9th. Five equities 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 company has a consensus rating of “Buy” and a consensus target price of C$12.83.
Read Our Latest Analysis on NexGen Energy
NexGen Energy Stock Down 5.7 %
NexGen Energy (TSE:NXE – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.02). As a group, sell-side analysts forecast that NexGen Energy will post -0.07 earnings per share for the current year.
Insider Buying and Selling at NexGen Energy
In other NexGen Energy news, Director Richard J. Patricio sold 175,000 shares of the business’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. In other NexGen Energy news, Director Bradley John Wall sold 188,000 shares of the stock in a transaction 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. Also, Director Richard J. Patricio sold 175,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total value of C$1,692,285.00. 8.23% of the stock is owned by corporate 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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