NexGen Energy Ltd. (TSE:NXE) Receives Average Rating of "Buy" from Brokerages

NexGen Energy Ltd. (TSE:NXE - Get Free Report) has been assigned an average recommendation of "Buy" from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$13.22.

A number of equities research analysts recently issued reports on the stock. National Bankshares decreased their price objective on shares of NexGen Energy from C$13.50 to C$12.50 and set an "outperform" rating for the company in a report on Friday, March 7th. Scotiabank decreased their price target on 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. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, TD Securities reduced their target price on NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating for the company in a report on Thursday, March 6th.

NexGen Energy Stock Down 1.1%

NXE stock traded down C$0.10 during trading hours on Friday, hitting C$8.64. The company's stock had a trading volume of 368,414 shares, compared to its average volume of 1,735,229. The stock has a 50 day moving average price of C$7.21 and a two-hundred day moving average price of C$8.62. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$12.51. The company has a market capitalization of C$4.89 billion, a PE ratio of 33.08 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49.

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.