Shares of NexGen Energy Ltd. (TSE:NXE - Get Free Report) rose 2.3% on Wednesday . The stock traded as high as C$9.54 and last traded at C$9.50. Approximately 2,151,108 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 1,720,735 shares. The stock had previously closed at C$9.29.
Wall Street Analyst Weigh In
NXE has been the topic of several research analyst reports. Desjardins set a C$13.50 price objective on shares of NexGen Energy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Scotiabank reduced their price target on shares of NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NexGen Energy currently has a consensus rating of "Buy" and a consensus target price of C$13.25.
Read Our Latest Report on NexGen Energy
NexGen Energy Price Performance
The business has a 50 day moving average of C$8.76 and a 200 day moving average of C$8.26. The company has a market cap of C$5.40 billion, a PE ratio of 36.57 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20.
About NexGen Energy
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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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