NexGen Energy (TSE:NXE – Free Report) had its price objective lowered by Raymond James from C$13.00 to C$12.00 in a report published on Friday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.
NXE has been the subject of several other reports. Haywood Securities raised shares of NexGen Energy to a strong-buy rating in a research note on Friday, May 17th. Ventum Financial decreased their price target on shares of NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, July 8th. Cormark decreased their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a research note on Friday. Scotiabank decreased their price target on shares of NexGen Energy from C$13.50 to C$12.50 and set an outperform rating for the company in a research note on Friday. Finally, Ventum Cap Mkts raised shares of NexGen Energy to a strong-buy rating in a research note on Monday, July 8th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of C$12.83.
Check Out Our Latest Research Report on NXE
NexGen Energy Price Performance
NexGen Energy (TSE:NXE – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). Analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current fiscal year.
Insider Activity at NexGen Energy
In other NexGen Energy news, Director Richard J. Patricio sold 175,000 shares of the firm’s stock in a transaction on 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 Richard J. Patricio sold 175,000 shares of the firm’s stock in a transaction on 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. Also, Director Bradley John Wall sold 188,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of C$7.42, for a total value of C$1,395,336.00. 8.23% of the stock is owned by company 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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