NexGen Energy (TSE:NXE) Price Target Raised to C$13.00 at National Bankshares

NexGen Energy (TSE:NXE) had its price objective lifted by National Bankshares from C$11.00 to C$13.00 in a report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also commented on NXE. Ventum Financial increased their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. TD Securities reduced their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Ventum Cap Mkts upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Finally, Scotiabank dropped their target price on shares of NexGen Energy from C$12.50 to C$12.00 in a report on Monday, August 19th. Seven research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$13.38.

NexGen Energy Stock Performance

The firm has a market capitalization of C$5.92 billion, a PE ratio of 61.47 and a beta of 1.76. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.14. 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 stock’s 50-day simple moving average is C$8.74 and its 200-day simple moving average is C$9.55.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, August 7th. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. On average, sell-side analysts predict that NexGen Energy will post -0.07 earnings per share 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.