NexGen Energy (TSE:NXE) Given a C$21.00 Price Target at National Bank Financial

by · The Cerbat Gem

NexGen Energy (TSE:NXE – Get Free Report) received a C$21.00 target price from equities researchers at National Bank Financial in a report released on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 53.73% from the company’s previous close.

Separately, Jefferies Financial Group set a C$21.00 target price on NexGen Energy and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$19.88.

Read Our Latest Report on NexGen Energy

NexGen Energy Trading Up 4.4%

Shares of TSE NXE traded up C$0.58 during mid-day trading on Monday, hitting C$13.66. The stock had a trading volume of 941,418 shares, compared to its average volume of 1,938,371. The company has a debt-to-equity ratio of 33.24, a quick ratio of 8.20 and a current ratio of 1.46. NexGen Energy has a 1 year low of C$10.36 and a 1 year high of C$18.91. The business has a 50 day moving average price of C$13.87 and a two-hundred day moving average price of C$15.00. The firm has a market cap of C$9.16 billion, a P/E ratio of -32.52 and a beta of 1.36.

NexGen Energy (TSE:NXE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C($0.02) earnings per share for the quarter. On average, equities analysts anticipate that NexGen Energy will post -0.07 EPS for the current fiscal year.

About NexGen Energy

(Get Free Report)

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.

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