NexGen Energy Ltd. (TSE:NXE) Stock Has Consensus Price Target of C$20.40

Key Points

• Analysts remain bullish on NexGen Energy: All eight covering analysts rate the stock a “Buy,” with a consensus 12-month price target of C$20.40. Recent targets include C$21.00 from National Bank Financial and Jefferies, and C$19.00 from JPMorgan.
• The stock recently traded at C$11.37, down 5%: NexGen has a market capitalization of approximately C$7.62 billion and remains below its 52-week high of C$18.91.
• NexGen reported a quarterly loss of C$0.02 per share, while analysts expect a full-year loss of C$0.07 per share. The company is developing its flagship Rook I uranium project, which it aims to make a major low-cost uranium mine.

NexGen Energy Ltd. (TSE:NXE - Get Free Report) has received an average recommendation of "Buy" from the eight analysts that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$20.40.

Several equities analysts recently commented on NXE shares. National Bank Financial set a C$21.00 price target on shares of NexGen Energy and gave the stock an "outperform" rating in a research report on Monday, September 21st. Jefferies Financial Group set a C$21.00 price objective on shares of NexGen Energy and gave the company a "buy" rating in a research report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. set a C$19.00 price target on NexGen Energy and gave the company an "overweight" rating in a report on Monday, September 21st.

NexGen Energy Stock Down 5.0%

NXE opened at C$11.37 on Friday. The firm has a market cap of C$7.62 billion, a P/E ratio of -27.07 and a beta of 1.76. NexGen Energy has a 52 week low of C$10.36 and a 52 week high of C$18.91. The company has a quick ratio of 8.20, a current ratio of 1.46 and a debt-to-equity ratio of 33.24. The business's fifty day simple moving average is C$13.52 and its 200 day simple moving average is C$14.38.

NexGen Energy (TSE:NXE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C($0.02) earnings per share for the quarter. As a group, equities research analysts anticipate that NexGen Energy will post -0.07 EPS for the current fiscal 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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