NexGen Energy (TSE:NXE) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Key Points

• Raymond James raised its price target on NexGen to C$20 (from C$18) with an "outperform" rating, and multiple other analysts have boosted targets, leaving a consensus "Buy" rating and an average price target of C$19.09.
• NXE shares traded at C$16.56 (down 2.4%) with a market cap of C$10.84 billion, while the company remains unprofitable—reporting quarterly EPS of C($0.06) and an expected full-year EPS of approximately C($0.07).

NexGen Energy (TSE:NXE - Get Free Report) had its price objective lifted by research analysts at Raymond James Financial from C$18.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's target price points to a potential upside of 20.77% from the stock's previous close.

Other equities analysts also recently issued reports about the company. UBS Group set a C$20.00 price objective on NexGen Energy and gave the stock a "buy" rating in a research report on Thursday. Stifel Nicolaus increased their price target on NexGen Energy from C$20.00 to C$22.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Haywood Securities lifted their target price on NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th. National Bank Financial lifted their price objective on shares of NexGen Energy from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Finally, TD Securities raised their price target on shares of NexGen Energy from C$15.00 to C$20.00 in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, NexGen Energy currently has a consensus rating of "Buy" and an average price target of C$19.09.

NexGen Energy Trading Down 2.4%

Shares of NXE stock traded down C$0.41 during trading hours on Friday, hitting C$16.56. 1,370,312 shares of the company's stock traded hands, compared to its average volume of 2,573,986. The stock has a market cap of C$10.84 billion, a PE ratio of -28.07 and a beta of 1.11. The stock's 50 day simple moving average is C$16.05 and its 200 day simple moving average is C$13.30. The company has a quick ratio of 8.20, a current ratio of 1.82 and a debt-to-equity ratio of 32.03. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$18.91.

NexGen Energy (TSE:NXE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C($0.06) earnings per share for the quarter. On average, sell-side analysts anticipate that NexGen Energy will post -0.07 EPS 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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