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.
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