NexGen Energy (TSE:NXE) Stock Price Down 0.1% - Here's What Happened

Key Points

• NexGen stock slipped 0.1% to C$15.32 (intraday low C$14.95) on volume of 1,382,560 shares, about 45% below its average session volume.
• Multiple analysts (RBC, Scotiabank, Stifel, UBS, TD) raised price targets, leaving an average analyst rating of Buy and an average price target of C$19.09 (individual targets ranged roughly C$18–C$30).
• The company has a market cap of C$10.13 billion, reported quarterly EPS of C($0.06) and is forecast to post about C($0.07) for the year, with a negative P/E of -28.91 and 50-/200-day moving averages of C$16.60 and C$13.98.

Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) fell 0.1% during trading on Friday . The stock traded as low as C$14.95 and last traded at C$15.32. 1,382,560 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 2,515,871 shares. The stock had previously closed at C$15.33.

Analyst Ratings Changes

NXE has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on NexGen Energy from C$15.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Friday, March 6th. Scotiabank upped their target price on shares of NexGen Energy from C$16.00 to C$18.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. Stifel Nicolaus increased their target price on shares of NexGen Energy from C$22.00 to C$30.00 and gave the stock a "buy" rating in a research report on Friday, March 6th. UBS Group set a C$20.00 price target on shares of NexGen Energy and gave the company a "buy" rating in a research report on Thursday, March 5th. Finally, TD Securities upped their price objective on shares of NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$19.09.

NexGen Energy Stock Down 0.1%

The company has a market cap of C$10.13 billion, a P/E ratio of -28.91 and a beta of 1.11. The company has a quick ratio of 8.20, a current ratio of 1.82 and a debt-to-equity ratio of 32.03. The firm has a fifty day moving average price of C$16.60 and a 200 day moving average price of C$13.98.

NexGen Energy (TSE:NXE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share (EPS) for the quarter. Equities research analysts forecast that NexGen Energy Ltd. 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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