NexGen Energy Ltd. (TSE:NXE - Get Free Report)'s share price dropped 6.6% on Monday . The company traded as low as C$6.11 and last traded at C$6.13. Approximately 465,478 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 1,761,379 shares. The stock had previously closed at C$6.56.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Scotiabank dropped their target price on 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. TD Securities cut their price objective on NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, National Bankshares dropped their price target on shares of NexGen Energy from C$13.50 to C$12.50 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$13.22.
Check Out Our Latest Stock Analysis on NXE
NexGen Energy Stock Down 0.4 %
The stock has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 26.99 and a beta of 1.76. The business has a 50-day moving average of C$6.86 and a 200-day moving average of C$9.08. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16.
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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