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

Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have received an average recommendation of "Buy" from the nine analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$13.25.

A number of equities analysts have recently weighed in on NXE shares. TD Securities lowered their price target 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. Scotiabank lowered their target price on 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 NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bankshares lowered their target price on 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, Desjardins set a C$13.50 target price on NexGen Energy and gave the company a "buy" rating in a report on Tuesday, June 10th.

NexGen Energy Stock Performance

TSE NXE opened at C$9.28 on Wednesday. The stock has a market cap of C$5.25 billion, a PE ratio of 35.53 and a beta of 1.76. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. NexGen Energy has a twelve month low of C$5.59 and a twelve month high of C$12.51. The stock has a fifty day simple moving average of C$8.05 and a 200-day simple moving average of C$8.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.