NexGen Energy Ltd. (TSE:NXE) Receives C$13.25 Average PT from Brokerages

NexGen Energy Ltd. (TSE:NXE - Get Free Report) has been given a consensus recommendation of "Buy" by the nine analysts that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$13.25.

Several analysts recently weighed in on the stock. Scotiabank dropped their target price on shares of NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Desjardins set a C$13.50 target price on shares of NexGen Energy and gave the company a "buy" rating in a report on Tuesday, June 10th. National Bankshares dropped their target price 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. Finally, TD Securities dropped their target price on shares of 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 Trading Down 1.6%

NexGen Energy stock traded down C$0.15 during trading on Wednesday, hitting C$9.30. The company had a trading volume of 1,623,553 shares, compared to its average volume of 1,736,048. NexGen Energy has a 1-year low of C$5.59 and a 1-year high of C$12.51. 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 company's 50 day simple moving average is C$8.21 and its 200-day simple moving average is C$8.33. The stock has a market cap of C$5.26 billion, a price-to-earnings ratio of 35.61 and a beta of 1.76.

About NexGen Energy

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.