S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69

TD Securities Trims NexGen Energy (TSE:NXE) Target Price to C$9.50

Friday, January 14, 2022 | MarketBeat

NexGen Energy (TSE:NXE) had its price target decreased by research analysts at TD Securities from C$10.00 to C$9.50 in a research report issued on Friday, Analyst Price Targets reports. The firm presently has a "speculative buy" rating on the stock. TD Securities' price target would suggest a potential upside of 67.84% from the company's current price.

Several other analysts also recently commented on NXE. Pi Financial reiterated a "buy" rating and set a C$9.10 target price on shares of NexGen Energy in a research note on Wednesday, November 17th. restated a "buy" rating on shares of NexGen Energy in a research note on Friday, September 24th. Finally, Raymond James set a C$8.50 price target on NexGen Energy and gave the stock an "outperform" rating in a research note on Friday, November 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, NexGen Energy has an average rating of "Buy" and an average target price of C$8.82.

NXE traded down C$0.12 during trading on Friday, hitting C$5.66. 1,103,160 shares of the company's stock traded hands, compared to its average volume of 2,468,002. The business's 50 day moving average is C$6.07. The company has a debt-to-equity ratio of 16.82, a current ratio of 16.04 and a quick ratio of 15.94. NexGen Energy has a 12-month low of C$3.25 and a 12-month high of C$8.09. The firm has a market cap of C$2.70 billion and a PE ratio of -14.89.

NexGen Energy (TSE:NXE) last issued its earnings results on Friday, November 5th. The company reported C($0.01) EPS for the quarter, meeting the consensus estimate of C($0.01). As a group, sell-side analysts anticipate that NexGen Energy will post -0.06 earnings per share for the current fiscal year.

In other news, Director Richard J. Patricio sold 130,000 shares of the firm's stock in a transaction on Friday, December 10th. The stock was sold at an average price of C$5.83, for a total value of C$757,796.00. Following the transaction, the director now directly owns 914,900 shares in the company, valued at approximately C$5,333,135.08.

NexGen Energy Company Profile

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.

See Also: Conference Calls and Individual Investors

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 [email protected]

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