NexGen Energy (TSE:NXE) Given New C$13.50 Price Target at Raymond James

NexGen Energy (TSE:NXE) had its price target raised by analysts at Raymond James from C$12.00 to C$13.50 in a research report issued on Wednesday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 15.29% from the stock’s current price. Raymond James also issued estimates for NexGen Energy’s FY2024 earnings at ($0.07) EPS.

A number of other brokerages have also issued reports on NXE. Royal Bank of Canada dropped their target price on NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. National Bankshares lifted their price target on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Ventum Financial upped their price target on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Securities lowered their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Seven investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy presently has an average rating of “Buy” and a consensus target price of C$13.86.

NexGen Energy Price Performance

Shares of NXE traded down C$0.12 on Wednesday, reaching C$11.71. The stock had a trading volume of 2,270,944 shares, compared to its average volume of 1,963,025. The firm has a 50-day moving average of C$9.48 and a 200 day moving average of C$9.45. The firm has a market capitalization of C$6.61 billion, a PE ratio of 68.88 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a twelve month low of C$7.04 and a twelve month 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) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same period last year, the business posted ($0.03) earnings per share. Sell-side 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.