NexGen Energy Ltd. (TSE:NXE - Get Free Report)'s stock price traded up 1% during mid-day trading on Friday . The stock traded as high as C$10.76 and last traded at C$10.53. 1,373,525 shares were traded during trading, a decline of 42% from the average session volume of 2,365,635 shares. The stock had previously closed at C$10.43.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Raymond James increased their price objective on NexGen Energy from C$11.00 to C$12.00 in a report on Friday, March 8th. Cormark increased their target price on shares of NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Finally, Eight Capital increased their target price on shares of NexGen Energy from C$13.00 to C$21.00 and gave the stock a "buy" rating in a research report on Monday, January 15th.
Check Out Our Latest Report on NXE
NexGen Energy Stock Up 1.0 %
The company has a market cap of C$5.68 billion, a price-to-earnings ratio of 65.81 and a beta of 1.80. The company has a current ratio of 11.00, a quick ratio of 8.20 and a debt-to-equity ratio of 19.56. The firm's fifty day moving average price is C$10.13 and its 200-day moving average price is C$9.17.
NexGen Energy (TSE:NXE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.02) by C($0.06). Sell-side analysts predict that NexGen Energy Ltd. will post -0.07 earnings per share for the current year.
Insider Activity at NexGen Energy
In other NexGen Energy news, Director Bradley John Wall sold 500,000 shares of the business's stock in a transaction dated Wednesday, January 24th. The shares were 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 insiders.
About NexGen Energy
(
Get Free Report)
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.
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