NexGen Energy Ltd. (TSE:NXE - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$13.10 and last traded at C$12.56, with a volume of 2516259 shares changing hands. The stock had previously closed at C$12.70.
Wall Street Analysts Forecast Growth
NXE has been the subject of a number of analyst reports. TD Securities upped their price objective on shares of NexGen Energy from C$11.00 to C$12.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stifel Nicolaus upped their price objective on shares of NexGen Energy from C$16.00 to C$17.00 and gave the company a "buy" rating in a report on Friday. Desjardins set a C$13.50 price objective on shares of NexGen Energy and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, National Bankshares upped their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$13.75.
Get Our Latest Stock Analysis on NexGen Energy
NexGen Energy Trading Down 1.1%
The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. The company has a market cap of C$7.17 billion, a PE ratio of -38.06 and a beta of 1.61. The company's 50 day simple moving average is C$10.37 and its two-hundred day simple moving average is C$8.78.
Insiders Place Their Bets
In other NexGen Energy news, Director Richard J. Patricio sold 125,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of C$9.40, for a total transaction of C$1,175,000.00. Following the completion of the transaction, the director owned 1,269,900 shares of the company's stock, valued at C$11,937,060. This trade represents a 8.96% decrease in their ownership of the stock. 7.96% of the stock is currently owned by company insiders.
About NexGen Energy
(
Get Free Report)
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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