NexGen Energy (TSE:NXE) PT Lowered to C$12.00 at Ventum Financial

NexGen Energy (TSE:NXE) had its price objective lowered by Ventum Financial from C$12.50 to C$12.00 in a research report report published on Monday morning, BayStreet.CA reports.

Several other research firms also recently commented on NXE. Haywood Securities raised shares of NexGen Energy to a strong-buy rating in a research note on Friday, May 17th. Raymond James dropped their target price on shares of NexGen Energy from C$13.50 to C$13.00 in a report on Thursday, May 9th. Finally, Scotiabank set a C$13.50 target price on shares of NexGen Energy and gave the stock an outperform rating in a report on Monday, April 1st. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, NexGen Energy currently has an average rating of Buy and an average price target of C$13.14.

NexGen Energy Trading Up 1.0 %

Shares of NXE opened at C$10.27 on Monday. The company has a market cap of C$5.75 billion, a P/E ratio of 93.36 and a beta of 1.82. NexGen Energy has a twelve month low of C$5.95 and a twelve month high of C$12.14. The company’s fifty day simple moving average is C$10.10 and its 200-day simple moving average is C$10.17. The company has a current ratio of 1.96, a quick ratio of 8.20 and a debt-to-equity ratio of 19.12.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.02). As a group, analysts expect that NexGen Energy will post -0.07 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard J. Patricio sold 175,000 shares of NexGen Energy stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total value of C$1,692,285.00. 8.23% 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 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.