NexGen Energy Ltd. (TSE:NXE) Given Average Rating of "Buy" by Analysts

Key Points

• Seven analysts give an average recommendation of Buy with a mean 12‑month price target of C$19.09, above the stock's recent open around C$15.32; several brokers (RBC, UBS, TD) have recently boosted targets to about C$20.
• NexGen remains unprofitable—reporting C($0.06) EPS last quarter and a sell‑side consensus of roughly C($0.07) loss for the year—while trading in a one‑year range of C$5.59–C$18.91 and carrying a C$10.13 billion market cap.
• The company is developing the Rook I uranium project, positioned as a large, low‑cost producer supported by an NI 43‑101 Feasibility Study and a stated focus on ESG standards.

NexGen Energy Ltd. (TSE:NXE - Get Free Report) has received an average recommendation of "Buy" from the seven research firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$19.09.

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of 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 objective on NexGen Energy and gave the company a "buy" rating in a research note on Thursday, March 5th. Scotiabank increased their target price on NexGen Energy from C$16.00 to C$18.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. TD Securities increased their price objective on NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Finally, National Bank Financial boosted their target price on shares of NexGen Energy from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Friday, February 6th.

NexGen Energy Price Performance

TSE NXE opened at C$15.32 on Monday. NexGen Energy has a 1 year low of C$5.59 and a 1 year high of C$18.91. The company has a fifty day simple moving average of C$16.60 and a 200 day simple moving average of C$14.02. The company has a current ratio of 1.82, a quick ratio of 8.20 and a debt-to-equity ratio of 32.03. The company has a market cap of C$10.13 billion, a P/E ratio of -28.91 and a beta of 1.11.

NexGen Energy (TSE:NXE - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share for the quarter. On average, sell-side analysts predict that NexGen Energy will post -0.07 EPS for the current year.

About NexGen Energy

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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