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 Patricio sold 125,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of C$9.40, for a total value of C$1,175,000.00. Following the sale, the director directly owned 1,269,900 shares in the company, valued at approximately C$11,937,060. This represents a 8.96% decrease in their position.

NexGen Energy Stock Down 1.0%

Shares of TSE NXE traded down C$0.11 during mid-day trading on Tuesday, reaching C$10.89. 1,641,508 shares of the company's stock were exchanged, compared to its average volume of 1,773,215. The firm has a market capitalization of C$6.22 billion, a price-to-earnings ratio of -33.00 and a beta of 1.61. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The business has a fifty day simple moving average of C$9.63 and a 200 day simple moving average of C$8.30. NexGen Energy Ltd. has a twelve month low of C$5.59 and a twelve month high of C$12.51.

Analysts Set New Price Targets

NXE has been the topic of several recent analyst reports. TD Securities boosted their price target on NexGen Energy from C$11.00 to C$12.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Desjardins set a C$13.50 price target on shares of NexGen Energy and gave the company a "buy" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.

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