NexGen Energy (TSE:NXE) Hits New 1-Year High at $12.03

NexGen Energy Ltd. (TSE:NXE) reached a new 52-week high on Tuesday . The company traded as high as C$12.03 and last traded at C$12.02, with a volume of 342170 shares trading hands. The stock had previously closed at C$11.75.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NXE shares. Scotiabank set a C$13.50 price objective on shares of NexGen Energy and gave the company an “outperform” rating in a research note on Monday, April 1st. Cormark raised their price target on NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Eight Capital boosted their price objective on NexGen Energy from C$13.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Raymond James cut their target price on shares of NexGen Energy from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NexGen Energy has a consensus rating of “Buy” and a consensus price target of C$13.34.

NexGen Energy Stock Up 1.3 %

The company’s fifty day simple moving average is C$10.60 and its 200 day simple moving average is C$9.73. The company has a quick ratio of 8.20, a current ratio of 11.00 and a debt-to-equity ratio of 19.56. The firm has a market capitalization of C$6.42 billion, a PE ratio of 73.44 and a beta of 1.82.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results 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). Analysts anticipate that NexGen Energy Ltd. will post -0.07 earnings per share for the current fiscal year.

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.