Raymond James Raises NexGen Energy (TSE:NXE) Price Target to C$14.00

NexGen Energy (TSE:NXE) had its target price lifted by Raymond James from C$12.00 to C$14.00 in a research note published on Tuesday morning, BayStreet.CA reports.

Several other analysts have also recently weighed in on NXE. Scotiabank set a C$13.50 price objective on NexGen Energy and gave the stock an outperform rating in a report on Monday, April 1st. Eight Capital boosted their price objective on NexGen Energy from C$13.00 to C$21.00 and gave the stock a buy rating in a report on Monday, January 15th. Finally, Cormark upped their price target on NexGen Energy from C$11.50 to C$13.75 in a research note on Thursday, February 8th.

NexGen Energy Stock Performance

Shares of TSE:NXE opened at C$10.53 on Tuesday. The stock has a market capitalization of C$5.68 billion, a P/E ratio of 65.81 and a beta of 1.80. NexGen Energy has a 1-year low of C$4.91 and a 1-year high of C$12.00. The company has a current ratio of 11.00, a quick ratio of 8.20 and a debt-to-equity ratio of 19.56. The business has a 50-day moving average price of C$10.38 and a two-hundred day moving average price of C$9.54.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.06). Equities analysts predict that NexGen Energy will post -0.07 earnings per share for the current 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.