Royal Bank Of Canada Raises NexGen Energy (TSE:NXE) Price Target to C$20.00

NexGen Energy (TSE:NXE) had its target price hoisted by Royal Bank Of Canada from C$15.00 to C$20.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 20.77% from the stock’s previous close.

NXE has been the topic of several other reports. National Bank Financial upped their price objective on shares of NexGen Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Scotiabank boosted their price objective on NexGen Energy from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus boosted their price target on shares of NexGen Energy from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. UBS Group set a C$20.00 price objective on shares of NexGen Energy and gave the company a “buy” rating in a research note on Thursday. Finally, TD Securities upped their target price on shares of NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, NexGen Energy presently has an average rating of “Buy” and a consensus price target of C$19.09.

NexGen Energy Trading Down 2.4%

TSE:NXE traded down C$0.41 on Friday, reaching C$16.56. The company’s stock had a trading volume of 1,370,312 shares, compared to its average volume of 2,573,986. NexGen Energy has a 12-month low of C$5.59 and a 12-month high of C$18.91. The stock has a 50 day moving average price of C$16.05 and a 200 day moving average price of C$13.30. The firm has a market cap of C$10.84 billion, a price-to-earnings ratio of -28.07 and a beta of 1.11. The company has a quick ratio of 8.20, a current ratio of 1.82 and a debt-to-equity ratio of 32.03.

NexGen Energy (TSE:NXE) last released its quarterly earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share for the quarter. On average, equities analysts anticipate that NexGen Energy will post -0.07 EPS for the current fiscal year.

NexGen Energy Company Profile

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.