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

NexGen Energy (TSE:NXE) had its price objective lifted by Cormark from C$13.00 to C$13.50 in a research report sent to investors on Wednesday,BayStreet.CA reports.

A number of other equities analysts also recently commented on NXE. Ventum Financial boosted their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada dropped their price objective 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. Haywood Securities boosted their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday. Finally, Raymond James raised their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday. Seven investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, NexGen Energy presently has an average rating of “Buy” and a consensus price target of C$13.86.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at C$11.65 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. The stock’s fifty day moving average price is C$9.48 and its 200-day moving average price is C$9.45. The firm has a market cap of C$6.58 billion, a P/E ratio of 68.53 and a beta of 1.76. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.14.

NexGen Energy (TSE:NXE) last posted its earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the firm earned ($0.03) EPS. On average, equities research analysts expect that NexGen Energy will post -0.07 earnings per share for the current fiscal 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.