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

Key Points

• Analysts' view: Seven covering analysts give NexGen a consensus "Buy" rating with an average 12‑month target of C$19.18, and several firms (UBS, TD, Raymond James, RBC) recently raised targets to about C$20.
• Stock and valuation: NXE opened at C$17.36 and trades near its 12‑month high of C$18.91, has a market cap of C$11.48 billion but reports negative earnings (quarterly EPS C($0.06), expected -0.07 for the year) and a negative P/E of -32.75.
• Company outlook: NexGen is developing the Rook I Project, positioned to be a low‑cost, large producing uranium mine with an NI 43‑101 feasibility study and a stated emphasis on strong ESG standards.

Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) have been given a consensus rating of "Buy" by the seven analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$19.18.

Several research firms recently issued reports on NXE. UBS Group set a C$20.00 target price on NexGen Energy and gave the stock a "buy" rating in a research note on Thursday, March 5th. TD Securities increased their target price on NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Raymond James Financial increased their price target on NexGen Energy from C$18.00 to C$20.00 and gave the company an "outperform" rating in a research report on Friday, March 6th. Royal Bank Of Canada increased their price target on NexGen Energy from C$15.00 to C$20.00 and gave the company an "outperform" rating in a research report on Friday, March 6th. Finally, Scotiabank increased their price target on NexGen Energy from C$16.00 to C$18.00 and gave the company an "outperform" rating in a research report on Friday, March 6th.

NexGen Energy Price Performance

NXE opened at C$17.36 on Friday. The stock's 50-day moving average price is C$16.53 and its 200 day moving average price is C$14.58. NexGen Energy has a 12-month low of C$6.83 and a 12-month high of C$18.91. The company has a current ratio of 1.82, a quick ratio of 8.20 and a debt-to-equity ratio of 32.03. The firm has a market cap of C$11.48 billion, a price-to-earnings ratio of -32.75 and a beta of 1.11.

NexGen Energy (TSE:NXE - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share (EPS) for the quarter. As a group, sell-side analysts expect that NexGen Energy will post -0.07 earnings per share for the current year.

NexGen Energy Company Profile

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.

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