Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have been given an average rating of "Buy" by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$13.25.
A number of analysts have recently issued reports on the stock. Scotiabank reduced their price objective on shares of NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Desjardins set a C$13.50 target price on NexGen Energy and gave the stock a "buy" rating in a report on Tuesday, June 10th.
Read Our Latest Stock Analysis on NexGen Energy
NexGen Energy Stock Performance
NXE stock opened at C$9.54 on Friday. The company has a market cap of C$5.40 billion, a P/E ratio of 36.53 and a beta of 1.76. 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 1 year low of C$5.59 and a 1 year high of C$12.51. The stock's fifty day moving average price is C$8.83 and its 200-day moving average price is C$8.25.
About NexGen Energy
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Get Free ReportNexGen 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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