NexGen Energy Ltd. (TSE:NXE) Receives Average Rating of “Buy” from Analysts

Shares of NexGen Energy Ltd. (TSE:NXE) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$12.94.

Several equities research analysts have recently commented on the stock. Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Ventum Financial increased their price target on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Royal Bank of Canada decreased their price objective on NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Cormark cut their target price on NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. Finally, Scotiabank decreased their target price on NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th.

NexGen Energy Stock Up 1.0 %

NXE opened at C$8.11 on Thursday. The business has a 50 day moving average of C$8.77 and a 200-day moving average of C$9.81. The stock has a market capitalization of C$4.58 billion, a price-to-earnings ratio of 47.71 and a beta of 1.77. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a 1-year low of C$7.00 and a 1-year high of C$12.14.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. As a group, sell-side analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current year.

Insider Transactions at NexGen Energy

In other NexGen Energy news, Director Richard J. Patricio sold 175,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. In other 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. Also, Director Bradley John Wall sold 188,000 shares of the business’s stock in a transaction 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. 7.96% of the stock is owned by insiders.

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.