NexGen Energy (TSE:NXE) Stock Price Expected to Rise, TD Securities Analyst Says
by Tristan Rich · The Markets DailyNexGen Energy (TSE:NXE – Get Free Report) had its price target increased by equities research analysts at TD Securities from C$15.00 to C$20.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 15.54% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Scotiabank boosted their price target on NexGen Energy from C$12.00 to C$14.00 in a research note on Tuesday, October 14th. Canaccord Genuity Group raised their price target on shares of NexGen Energy from C$16.00 to C$18.50 in a research note on Friday, October 17th. BMO Capital Markets lifted their price objective on NexGen Energy from C$14.00 to C$16.00 in a report on Friday, October 17th. Haywood Securities increased their price objective on NexGen Energy from C$12.50 to C$15.00 in a research note on Monday, November 10th. Finally, National Bankshares upped their target price on shares of NexGen Energy from C$15.50 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$16.88.
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NexGen Energy Stock Performance
TSE:NXE traded up C$0.25 during mid-day trading on Thursday, hitting C$17.31. 1,516,465 shares of the company’s stock traded hands, compared to its average volume of 2,189,624. The firm has a market capitalization of C$11.33 billion, a price-to-earnings ratio of -29.34 and a beta of 1.41. The firm has a 50 day moving average of C$13.20 and a two-hundred day moving average of C$11.73. The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$17.50.
NexGen Energy (TSE:NXE – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($0.23) EPS for the quarter. On average, equities analysts forecast that NexGen Energy will post -0.07 earnings per share for the current fiscal year.
About NexGen Energy
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.