NexGen Energy (TSE:NXE) Upgraded by Stifel Canada to “Strong-Buy” Rating

Stifel Canada upgraded shares of NexGen Energy (TSE:NXE) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

NXE has been the subject of several other research reports. Haywood Securities upped their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Royal Bank of Canada upped their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. National Bankshares dropped their price objective on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating for the company in a research note on Friday, March 7th. Raymond James upped their price objective on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Finally, TD Securities dropped their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Six analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$13.28.

NexGen Energy Stock Up 1.0 %

NXE opened at C$6.91 on Tuesday. NexGen Energy has a twelve month low of C$6.44 and a twelve month high of C$12.51. 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 company has a 50-day moving average price of C$8.95 and a 200 day moving average price of C$9.48. The company has a market cap of C$3.91 billion, a PE ratio of 26.46 and a beta of 1.76.

Insider Activity

In other news, Director Leigh Robert Curyer purchased 1,500,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average price of C$10.05 per share, with a total value of C$15,075,000.00. Corporate insiders own 7.96% of the company’s stock.

NexGen Energy Company Profile

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.