NexGen Energy (TSE:NXE) Stock Rating Upgraded by National Bank Financial

NexGen Energy (TSE:NXE) was upgraded by analysts at National Bank Financial to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports.

Several other research analysts have also issued reports on the stock. Ventum Financial raised their target price on shares of 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. Raymond James lowered their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. 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. National Bankshares set a C$11.00 price target on shares of NexGen Energy and gave the stock an “outperform” rating in a research note on Wednesday. Finally, TD Securities decreased their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Eight analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$12.75.

NexGen Energy Stock Performance

NexGen Energy stock traded down C$0.12 during mid-day trading on Tuesday, reaching C$7.41. The company had a trading volume of 136,735 shares, compared to its average volume of 2,011,168. The company has a 50 day moving average of C$8.72 and a 200-day moving average of C$9.78. NexGen Energy has a 52 week low of C$7.32 and a 52 week high of C$12.14. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. The firm has a market cap of C$4.18 billion, a price-to-earnings ratio of 43.47 and a beta of 1.77.

NexGen Energy (TSE:NXE) last released 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. On average, sell-side analysts expect that NexGen Energy will post -0.07 EPS for the current fiscal year.

Insider Transactions at NexGen Energy

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 value of C$1,395,336.00. 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 stock was 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 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. 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.