NexGen Energy (TSE:NXE - Get Free Report) had its target price raised by analysts at Stifel Nicolaus from C$17.00 to C$20.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus' price target would indicate a potential upside of 73.16% from the stock's current price.
Several other analysts have also commented on NXE. Canaccord Genuity Group increased their price target on shares of NexGen Energy from C$16.00 to C$18.50 in a research report on Friday. National Bankshares increased their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. BMO Capital Markets increased their price target on shares of NexGen Energy from C$14.00 to C$16.00 in a research report on Friday. Scotiabank increased their price target on shares of NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. Finally, TD Securities upped their price objective on NexGen Energy from C$12.00 to C$15.00 in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$15.16.
Read Our Latest Stock Report on NXE
NexGen Energy Stock Down 5.4%
Shares of NXE stock traded down C$0.66 during mid-day trading on Tuesday, hitting C$11.55. 2,060,459 shares of the stock traded hands, compared to its average volume of 1,969,719. The stock has a market cap of C$7.17 billion, a P/E ratio of -35.00 and a beta of 1.57. The stock's fifty day moving average is C$11.25 and its two-hundred day moving average is C$9.37. NexGen Energy has a 52-week low of C$5.59 and a 52-week high of C$13.75. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20.
Insider Transactions at NexGen Energy
In related news, Director Richard J. Patricio sold 125,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of C$9.40, for a total transaction of C$1,175,000.00. Following the completion of the sale, the director directly owned 1,269,900 shares in the company, valued at approximately C$11,937,060. The trade was a 8.96% decrease in their ownership of the stock. Insiders own 7.96% of the company's stock.
NexGen Energy Company Profile
(
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.
Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider NexGen Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexGen Energy wasn't on the list.
While NexGen Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.