NexGen Energy (TSE:NXE) Price Target Increased to C$13.00 by Analysts at National Bankshares

NexGen Energy (TSE:NXE) had its target price boosted by National Bankshares from C$11.00 to C$13.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 24.52% from the company’s current price.

Several other equities research analysts have also recently issued reports on NXE. TD Securities decreased their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Ventum Cap Mkts raised shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. Ventum Financial boosted their price target on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Raymond James lowered their price objective on NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Cormark dropped their target price on NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$13.38.

NexGen Energy Price Performance

Shares of NXE stock traded up C$0.01 during mid-day trading on Thursday, reaching C$10.44. The stock had a trading volume of 399,903 shares, compared to its average volume of 1,986,214. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.14. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. The business has a 50-day simple moving average of C$8.74 and a 200 day simple moving average of C$9.55. The company has a market cap of C$5.90 billion, a P/E ratio of 61.41 and a beta of 1.76.

NexGen Energy (TSE:NXE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.04) by C$0.02. On average, sell-side analysts anticipate that NexGen Energy will post -0.07 earnings per share 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.