NexGen Energy (TSE:NXE) Stock Price Up 0.9%

NexGen Energy Ltd. (TSE:NXE - Get Free Report) shares were up 0.9% on Monday . The company traded as high as C$10.69 and last traded at C$10.56. Approximately 1,760,503 shares were traded during trading, a decline of 22% from the average daily volume of 2,252,831 shares. The stock had previously closed at C$10.47.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NXE shares. Scotiabank set a C$13.50 price target on shares of NexGen Energy and gave the company an "outperform" rating in a report on Monday, April 1st. Raymond James raised their price objective on shares of NexGen Energy from C$12.00 to C$14.00 in a report on Tuesday. Cormark raised their price objective on shares of NexGen Energy from C$11.50 to C$13.75 in a report on Thursday, February 8th. Finally, Eight Capital raised their price objective on shares of NexGen Energy from C$13.00 to C$21.00 and gave the stock a "buy" rating in a report on Monday, January 15th.

NexGen Energy Trading Up 0.9 %

The business's 50 day moving average price is C$10.35 and its two-hundred day moving average price is C$9.50. The company has a market capitalization of C$5.75 billion, a price-to-earnings ratio of 67.00 and a beta of 1.80. The company has a debt-to-equity ratio of 19.56, a quick ratio of 8.20 and a current ratio of 11.00.

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). Equities analysts forecast that NexGen Energy Ltd. will post -0.07 earnings per share for the current fiscal year.

Insider Activity

In other NexGen Energy news, Director Bradley John Wall sold 500,000 shares of the company's stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of C$10.20, for a total value of C$5,099,500.00. 8.03% of the stock is 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.