NexGen Energy (TSE:NXE – Free Report) had its price objective reduced by Scotiabank from C$12.50 to C$12.00 in a research note published on Monday, BayStreet.CA reports.
NXE has been the topic of a number of other research reports. Royal Bank of Canada lowered their target price on shares of NexGen Energy from C$11.00 to C$10.00 and set an outperform rating on the stock in a research note on Monday, August 12th. Haywood Securities upgraded shares of NexGen Energy to a strong-buy rating in a research report on Friday, May 17th. Ventum Financial cut their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a report on Monday, July 8th. Cormark cut their price objective on shares of NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Finally, Ventum Cap Mkts raised shares of NexGen Energy to a strong-buy rating in a research note on Monday, July 8th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Buy and an average target price of C$12.72.
Get Our Latest Analysis on NexGen Energy
NexGen Energy Stock Down 0.1 %
Insider Activity
In other news, Director Bradley John Wall sold 188,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. In related news, Director Richard J. Patricio sold 175,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. Also, Director Bradley John Wall sold 188,000 shares of NexGen Energy stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. Insiders own 7.96% of the company’s stock.
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.
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