NexGen Energy (TSE:NXE) Hits New 52-Week High – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of NexGen Energy Ltd. (TSE:NXE – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$15.73 and last traded at C$14.87, with a volume of 1102698 shares. The stock had previously closed at C$14.94.
Analysts Set New Price Targets
Several brokerages have weighed in on NXE. TD Securities lifted their target price on NexGen Energy from C$12.00 to C$15.00 in a research note on Tuesday, October 21st. Haywood Securities raised their price target on NexGen Energy from C$12.50 to C$15.00 in a report on Monday, November 10th. Stifel Nicolaus upped their price objective on shares of NexGen Energy from C$17.00 to C$20.00 in a report on Tuesday, October 21st. Scotiabank increased their target price on shares of NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday, October 14th. Finally, Canaccord Genuity Group boosted their price target on shares of NexGen Energy from C$16.00 to C$18.50 in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, NexGen Energy has an average rating of “Buy” and an average target price of C$16.25.
View Our Latest Research Report on NexGen Energy
NexGen Energy Trading Down 0.1%
The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. The stock has a market capitalization of C$9.77 billion, a P/E ratio of -25.31 and a beta of 1.41. The firm’s 50-day simple moving average is C$12.51 and its 200 day simple moving average is C$11.29.
NexGen Energy (TSE:NXE – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($0.23) earnings per share (EPS) for the quarter. Equities research analysts anticipate that NexGen Energy Ltd. will post -0.07 EPS for the current fiscal year.
NexGen Energy Company Profile
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.