Insider Selling: NexGen Energy (TSE:NXE) Director Sells 125,000 Shares of Stock

Key Points

• Director Richard Patricio of NexGen Energy sold 125,000 shares at an average price of C$9.40, reducing his holdings by 8.96%.
• NexGen Energy's stock price decreased by 1.0% to C$10.89, with analysts recently setting a consensus price target of C$13.16 and a majority giving it a "Buy" rating.
• The company operates in the uranium sector, with significant projects in the Athabasca Basin and a market capitalization of C$6.22 billion.

NexGen Energy Ltd. (TSE:NXE - Get Free Report) Director Richard J. Patricio sold 125,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of C$9.40, for a total transaction of C$1,175,000.00. Following the transaction, the director directly owned 1,269,900 shares in the company, valued at C$11,937,060. The trade was a 8.96% decrease in their position.

NexGen Energy Trading Down 3.2%

Shares of NXE stock traded down C$0.35 on Friday, reaching C$10.54. 1,739,147 shares of the stock were exchanged, compared to its average volume of 1,775,170. The stock has a market cap of C$6.02 billion, a P/E ratio of -31.94 and a beta of 1.61. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. The firm has a 50 day moving average of C$9.75 and a two-hundred day moving average of C$8.38. NexGen Energy Ltd. has a 1-year low of C$5.59 and a 1-year high of C$12.51.

Analyst Upgrades and Downgrades

NXE has been the topic of a number of research reports. Desjardins set a C$13.50 target price on shares of NexGen Energy and gave the company a "buy" rating in a research note on Tuesday, June 10th. TD Securities raised their target price on shares of NexGen Energy from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, NexGen Energy has a consensus rating of "Buy" and an average price target of C$13.16.

NexGen Energy Company Profile

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.