NexGen Energy (TSE:NXE) PT Raised to C$14.00

NexGen Energy (TSE:NXE - Free Report) had its price target hoisted by Raymond James from C$12.00 to C$14.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other research analysts have also recently weighed in on NXE. Cormark raised their price target on NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Eight Capital raised their price target on NexGen Energy from C$13.00 to C$21.00 and gave the company a buy rating in a research report on Monday, January 15th. Finally, Scotiabank set a C$13.50 price target on NexGen Energy and gave the company an outperform rating in a research report on Monday, April 1st.

NexGen Energy Price Performance

NexGen Energy stock traded up C$0.10 during midday trading on Tuesday, reaching C$10.66. The company's stock had a trading volume of 1,104,502 shares, compared to its average volume of 2,241,999. NexGen Energy has a fifty-two week low of C$4.75 and a fifty-two week high of C$12.00. The company has a debt-to-equity ratio of 19.56, a quick ratio of 8.20 and a current ratio of 11.00. The stock's 50 day simple moving average is C$10.35 and its 200 day simple moving average is C$9.50. The firm has a market capitalization of C$5.75 billion, a PE ratio of 67.00 and a beta of 1.80.

NexGen Energy (TSE:NXE - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported C($0.08) EPS for the quarter, missing analysts' consensus estimates of C($0.02) by C($0.06). On average, equities research analysts forecast that NexGen Energy will post -0.07 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Bradley John Wall sold 500,000 shares of NexGen Energy stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$10.20, for a total transaction of C$5,099,500.00. 8.03% of the stock is currently owned by company insiders.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.