NexGen Energy Ltd. (TSE:NXE) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• NexGen Energy Ltd. has received a consensus rating of "Buy" from six research firms, with four analysts giving it a buy rating and two a strong buy rating.
• The average twelve-month price target set by brokers for NexGen Energy is C$13.25, with TD Securities recently boosting their target to C$12.00.
• NexGen Energy's stock is currently trading around C$9.31, showing a 52-week range between C$5.59 and C$12.51, with a market capitalization of C$5.27 billion.

Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have received a consensus rating of "Buy" from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$13.25.

A number of brokerages have commented on NXE. TD Securities boosted their price objective on NexGen Energy from C$11.00 to C$12.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Desjardins set a C$13.50 price objective on NexGen Energy and gave the stock a "buy" rating in a report on Tuesday, June 10th.

NexGen Energy Stock Performance

Shares of NXE opened at C$9.31 on Thursday. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The stock has a 50 day moving average price of C$9.31 and a two-hundred day moving average price of C$8.18. The firm has a market capitalization of C$5.27 billion, a P/E ratio of 35.65 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.

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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