National Bank Financial Forecasts Strong Price Appreciation for NexGen Energy (TSE:NXE) Stock

Key Points

• National Bank Financial raised its price target on NexGen Energy (TSE:NXE) from C$19 to C$20 and kept an outperform rating, implying roughly a 14.6% upside; multiple other brokers also lifted targets, leaving a consensus target of C$19.18 with seven Buy ratings.
• Shares traded at C$17.46 (up 0.4%) with a market cap of C$11.54 billion and a 52‑week range of C$6.08–C$18.91, but the company reported negative EPS (C($0.06) last quarter; consensus -0.07 for the year), indicating it is not yet profitable.
• NexGen's flagship Rook I project aims to be the world's largest low‑cost uranium mine, supported by an NI 43‑101 feasibility study and a stated focus on strong ESG standards.

NexGen Energy (TSE:NXE - Get Free Report) had its price target upped by equities research analysts at National Bank Financial from C$19.00 to C$20.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's target price suggests a potential upside of 14.55% from the company's previous close.

A number of other research firms also recently issued reports on NXE. Royal Bank Of Canada boosted their price target on NexGen Energy from C$15.00 to C$20.00 and gave the company an "outperform" rating in a research note on Friday, March 6th. UBS Group set a C$20.00 price target on NexGen Energy and gave the company a "buy" rating in a research note on Thursday, March 5th. Stifel Nicolaus boosted their price target on NexGen Energy from C$22.00 to C$30.00 and gave the company a "buy" rating in a research note on Friday, March 6th. TD Securities boosted their price target on NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Finally, Raymond James Financial boosted their price objective on NexGen Energy from C$18.00 to C$20.00 and gave the company an "outperform" rating in a research note on Friday, March 6th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$19.18.

NexGen Energy Stock Up 0.4%

Shares of NXE traded up C$0.07 during trading hours on Friday, hitting C$17.46. The company had a trading volume of 1,914,961 shares, compared to its average volume of 2,341,583. NexGen Energy has a 52-week low of C$6.08 and a 52-week high of C$18.91. The firm has a fifty day moving average price of C$16.38 and a 200-day moving average price of C$14.41. The stock has a market capitalization of C$11.54 billion, a price-to-earnings ratio of -32.94 and a beta of 1.11. The company has a debt-to-equity ratio of 32.03, a quick ratio of 8.20 and a current ratio of 1.82.

NexGen Energy (TSE:NXE - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The company reported C($0.06) EPS for the quarter. On average, equities research analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.