NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have received a consensus rating of “Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$13.59.

Several equities analysts recently issued reports on NXE shares. Cormark increased their target price on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. National Bankshares increased their target price on NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. 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. Royal Bank of Canada upped their price target on NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Finally, Haywood Securities upped their price target on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th.

Insider Activity

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

NexGen Energy Price Performance

NXE opened at C$8.41 on Thursday. The stock’s 50-day moving average price is C$9.77 and its 200 day moving average price is C$9.55. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.51. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The firm has a market cap of C$4.76 billion, a price-to-earnings ratio of 32.20 and a beta of 1.76.

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.