NexGen Energy Ltd. (TSE:NXE) Receives Consensus Rating of “Buy” from Analysts

NexGen Energy Ltd. (TSE:NXE) has been given a consensus rating of “Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$19.86.

Separately, Jefferies Financial Group set a C$21.00 price target on shares of NexGen Energy and gave the company a “buy” rating in a research report on Thursday.

NexGen Energy Stock Up 4.4%

NexGen Energy stock traded up C$0.62 during mid-day trading on Thursday, reaching C$14.74. The stock had a trading volume of 950,391 shares, compared to its average volume of 1,973,413. The company has a debt-to-equity ratio of 33.24, a quick ratio of 8.20 and a current ratio of 1.46. NexGen Energy has a fifty-two week low of C$10.34 and a fifty-two week high of C$18.91. The stock’s 50-day simple moving average is C$13.76 and its 200-day simple moving average is C$15.25. The firm has a market capitalization of C$9.88 billion, a PE ratio of -35.10 and a beta of 1.19.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Wednesday, August 5th. The company reported C($0.02) EPS for the quarter. On average, sell-side analysts forecast 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.