NexGen Energy (TSE:NXE) Price Target Raised to C$14.00 at Scotiabank

NexGen Energy (TSE:NXE) had its target price lifted by Scotiabank from C$12.75 to C$14.00 in a research note issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 19.56% from the company’s current price.

Several other equities analysts have also weighed in on NXE. Raymond James dropped their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. TD Securities cut their price objective 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. Royal Bank of Canada decreased their target price on NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. National Bankshares lifted their price target on NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Cormark decreased their price objective on NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of “Buy” and a consensus price target of C$13.86.

NexGen Energy Stock Performance

NXE stock traded down C$0.12 during trading hours on Wednesday, reaching C$11.71. The stock had a trading volume of 2,270,944 shares, compared to its average volume of 1,963,025. The stock has a 50-day simple moving average of C$9.48 and a 200 day simple moving average of C$9.45. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.14. The stock has a market capitalization of C$6.61 billion, a PE ratio of 68.88 and a beta of 1.76. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the previous year, the company posted ($0.03) earnings per share. Analysts predict that NexGen Energy will post -0.07 EPS for the current fiscal year.

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.