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

Key Points

• NexGen Energy Ltd. has received a consensus rating of "Buy" from five analysts, with an average 12-month price target of C$13.75.
• The company's stock price increased to C$12.70 during trading, reflecting a 1.7% rise, with trading volumes surpassing the average.
• Director Richard J. Patricio sold 125,000 shares of the company, reducing his holdings by approximately 8.96%.

Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have been assigned an average rating of "Buy" from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$13.75.

NXE has been the topic of a number of recent analyst reports. Desjardins set a C$13.50 price target on NexGen Energy and gave the company a "buy" rating in a research note on Tuesday, June 10th. National Bankshares increased their target price on NexGen Energy from C$12.00 to C$14.00 and gave the company an "outperform" rating in a report on Wednesday. TD Securities upped their price objective 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. Finally, Stifel Nicolaus lifted their price target on NexGen Energy from C$16.00 to C$17.00 and gave the company a "buy" rating in a report on Friday.

NexGen Energy Trading Up 1.7%

TSE NXE traded up C$0.21 during trading hours on Friday, reaching C$12.70. The company had a trading volume of 2,529,284 shares, compared to its average volume of 1,823,289. 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 stock has a market capitalization of C$7.25 billion, a P/E ratio of -38.48 and a beta of 1.61. The stock has a 50-day moving average of C$10.25 and a 200 day moving average of C$8.67. NexGen Energy has a 1-year low of C$5.59 and a 1-year high of C$13.06.

Insider Transactions at NexGen Energy

In other NexGen Energy news, Director Richard J. Patricio sold 125,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of C$9.40, for a total value of C$1,175,000.00. Following the completion of the transaction, the director directly owned 1,269,900 shares of the company's stock, valued at C$11,937,060. This represents a 8.96% decrease in their position. 7.96% of the stock is owned by company insiders.

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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