NexGen Energy (TSE:NXE) Given a C$13.50 Price Target at Desjardins

NexGen Energy (TSE:NXE - Get Free Report) has been given a C$13.50 price objective by analysts at Desjardins in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 50.00% from the stock's current price. Desjardins also issued estimates for NexGen Energy's FY2025 earnings at ($0.19) EPS, FY2026 earnings at ($0.28) EPS and FY2027 earnings at ($0.50) EPS.

NXE has been the subject of several other reports. National Bankshares reduced their price objective on NexGen Energy from C$13.50 to C$12.50 and set an "outperform" rating for the company in a report on Friday, March 7th. TD Securities cut their price target on NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Scotiabank lowered their price objective on NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Finally, Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Six analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$13.25.

NexGen Energy Stock Performance

Shares of NexGen Energy stock traded down C$0.11 on Tuesday, reaching C$9.00. 1,681,821 shares of the company traded hands, compared to its average volume of 1,737,316. The company has a 50 day moving average of C$7.56 and a 200 day moving average of C$8.53. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. NexGen Energy has a 52 week low of C$5.59 and a 52 week high of C$12.51. The firm has a market capitalization of C$5.09 billion, a PE ratio of 34.46 and a beta of 1.76.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.