NexGen Energy (TSE:NXE) Upgraded by Desjardins to Moderate Buy Rating

Desjardins upgraded shares of NexGen Energy (TSE:NXE - Free Report) to a moderate buy rating in a research note issued to investors on Monday morning,Zacks.com reports. Desjardins also issued estimates for NexGen Energy's FY2025 earnings at ($0.19) EPS, FY2026 earnings at ($0.28) EPS and FY2027 earnings at ($0.50) EPS.

Several other brokerages have also recently weighed in on NXE. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bankshares lowered their price objective on NexGen Energy from C$13.50 to C$12.50 and set an "outperform" rating on the stock in a research report on Friday, March 7th. TD Securities reduced their target price on shares of 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. Finally, Scotiabank lowered their price objective on NexGen Energy from C$12.00 to C$11.50 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Six research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$13.25.

NexGen Energy Trading Up 0.4%

Shares of NexGen Energy stock traded up C$0.04 during trading on Monday, hitting C$9.12. 754,512 shares of the company were exchanged, compared to its average volume of 1,730,188. The firm has a market capitalization of C$5.16 billion, a P/E ratio of 34.92 and a beta of 1.76. The firm's fifty day moving average price is C$7.50 and its 200 day moving average price is C$8.53. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. NexGen Energy has a 1-year low of C$5.59 and a 1-year high of C$12.51.

NexGen Energy Company Profile

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.