National Bankshares Has Lowered Expectations for NexGen Energy (TSE:NXE) Stock Price

NexGen Energy (TSE:NXE) had its price target decreased by National Bankshares from C$13.50 to C$12.50 in a research report released on Friday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on NXE. TD Securities lowered their target price on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James increased their target price on NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Haywood Securities increased their target price on NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Cormark increased their target price on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada increased their target price on NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Six research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$13.28.

NexGen Energy Stock Performance

NXE opened at C$6.98 on Friday. NexGen Energy has a 12-month low of C$6.66 and a 12-month high of C$12.51. The stock has a market cap of C$3.95 billion, a price-to-earnings ratio of 26.73 and a beta of 1.76. The business has a 50 day moving average of C$9.11 and a 200-day moving average of C$9.49. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49.

Insiders Place Their Bets

In related news, Director Leigh Robert Curyer acquired 1,500,000 shares of the stock in a transaction on Friday, December 20th. The shares were purchased at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. Corporate insiders own 7.96% of the company’s stock.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.