NexGen Energy (TSE:NXE) Trading Down 6.8%

NexGen Energy Ltd. (TSE:NXE - Get Free Report) shares traded down 6.8% on Wednesday . The company traded as low as C$10.98 and last traded at C$11.19. 968,522 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 2,203,124 shares. The stock had previously closed at C$12.00.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NXE. Raymond James dropped their price target on shares of NexGen Energy from C$14.00 to C$13.50 and set an "outperform" rating on the stock in a research note on Wednesday, May 1st. Eight Capital boosted their price target on NexGen Energy from C$13.00 to C$21.00 and gave the company a "buy" rating in a research note on Monday, January 15th. Scotiabank set a C$13.50 target price on shares of NexGen Energy and gave the company an "outperform" rating in a research note on Monday, April 1st. Finally, Cormark boosted their price objective on shares of NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$13.34.

NexGen Energy Trading Down 12.3 %

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 has a market capitalization of C$5.68 billion, a price-to-earnings ratio of 66.25 and a beta of 1.82. The business has a fifty day simple moving average of C$10.65 and a 200 day simple moving average of C$9.76.

NexGen Energy (TSE:NXE - Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.06). As a group, research analysts expect that NexGen Energy Ltd. will post -0.07 EPS for the current year.

About NexGen Energy

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 a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.