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

NexGen Energy Ltd. (TSE:NXE - Get Free Report) has been assigned a consensus recommendation of "Buy" from the ten analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$13.22.

Several research firms recently weighed in on NXE. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. TD Securities reduced their price target 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. Scotiabank lowered their price target on shares of NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Finally, National Bankshares cut their price objective on shares of NexGen Energy from C$13.50 to C$12.50 and set an "outperform" rating on the stock in a report on Friday, March 7th.

NexGen Energy Trading Up 3.2 %

Shares of TSE NXE traded up C$0.25 during trading hours on Tuesday, reaching C$7.97. The stock had a trading volume of 1,763,095 shares, compared to its average volume of 1,742,105. The business's fifty day moving average price is C$6.79 and its two-hundred day moving average price is C$8.90. The firm has a market cap of C$4.51 billion, a price-to-earnings ratio of 30.52 and a beta of 1.76. NexGen Energy has a 52-week low of C$5.59 and a 52-week 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.

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.