NexGen Energy (TSE:NXE) Given a C$19.00 Price Target by JPMorgan Chase & Co. Analysts

Key Points

• JPMorgan Chase set a C$19.00 price target for NexGen Energy and maintained an “overweight” rating, implying approximately 39.09% upside from the reported C$13.66 share price.
• Analyst sentiment is broadly positive: Jefferies and National Bank Financial each assigned C$21.00 targets, while eight analysts rate the stock a Buy. The consensus rating is “Buy,” with an average target of C$19.88.
• NexGen shares traded within a C$10.36–C$18.91 12-month range and the company reported a quarterly loss of C$0.02 per share; analysts expect a C$0.07-per-share loss for the full year.

NexGen Energy (TSE:NXE - Get Free Report) has been given a C$19.00 price objective by equities research analysts at JPMorgan Chase & Co. in a research note issued on Monday, BayStreet reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 39.09% from the stock's current price.

Several other research analysts also recently commented on NXE. Jefferies Financial Group set a C$21.00 price objective on NexGen Energy and gave the stock a "buy" rating in a research note on Thursday, September 3rd. National Bank Financial set a C$21.00 target price on shares of NexGen Energy and gave the stock an "outperform" rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$19.88.

NexGen Energy Stock Performance

Shares of NXE stock traded up C$0.58 during mid-day trading on Monday, reaching C$13.66. 941,418 shares of the company's stock traded hands, compared to its average volume of 1,938,371. The company has a debt-to-equity ratio of 33.24, a quick ratio of 8.20 and a current ratio of 1.46. The firm has a market capitalization of C$9.16 billion, a PE ratio of -32.52 and a beta of 1.36. NexGen Energy has a 12 month low of C$10.36 and a 12 month high of C$18.91. The firm has a 50 day moving average price of C$13.87 and a two-hundred day moving average price of C$15.00.

NexGen Energy (TSE:NXE - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C($0.02) earnings per share for the quarter. On average, research analysts forecast that NexGen Energy will post -0.07 EPS for the current year.

NexGen Energy Company Profile

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.

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