NexGen Energy (TSE:NXE) Price Target Raised to C$15.00 at Royal Bank of Canada

NexGen Energy (TSE:NXE) had its price objective increased by equities research analysts at Royal Bank of Canada from C$10.00 to C$15.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 24.48% from the company’s previous close.

Other equities analysts have also issued research reports about the company. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank lifted their target price on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday. Raymond James lifted their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday. TD Securities reduced their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Ventum Financial boosted their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Seven research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of “Buy” and an average price target of C$14.42.

NexGen Energy Stock Performance

Shares of TSE NXE traded up C$0.40 during midday trading on Thursday, reaching C$12.05. 1,480,410 shares of the stock were exchanged, compared to its average volume of 1,964,878. The firm has a market cap of C$6.80 billion, a price-to-earnings ratio of 70.59 and a beta of 1.76. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.14. The firm has a 50-day simple moving average of C$9.56 and a two-hundred day simple moving average of C$9.47. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09.

NexGen Energy (TSE:NXE) last issued its earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period in the prior year, the firm earned ($0.03) EPS. As a group, analysts anticipate that NexGen Energy will post -0.07 EPS for the current fiscal 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 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.