NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has received an average rating of “Buy” from the ten analysts that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$13.22.

NXE has been the subject of several research analyst reports. Scotiabank lowered their price target on NexGen Energy from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. National Bankshares reduced their price target on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a research report on Friday, March 7th. 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 report on Thursday, March 6th.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at C$6.33 on Friday. The business’s 50 day moving average price is C$7.24 and its 200 day moving average price is C$9.20. The company has a market cap of C$3.58 billion, a price-to-earnings ratio of 24.24 and a beta of 1.76. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. NexGen Energy has a one year low of C$5.59 and a one year high of C$12.51.

About NexGen Energy

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.