National Bank Financial Reiterates C$21.00 Price Target for NexGen Energy (TSE:NXE)

NexGen Energy (TSE:NXE) received a C$21.00 price objective from research analysts at National Bank Financial in a research report issued on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 53.73% from the stock’s previous close.

Separately, Jefferies Financial Group set a C$21.00 price objective on shares of NexGen Energy and gave the stock a “buy” rating in a report on Thursday, September 3rd. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, NexGen Energy presently has an average rating of “Buy” and an average target price of C$19.88.

NexGen Energy Stock Up 4.4%

Shares of TSE NXE traded up C$0.58 during mid-day trading on Monday, hitting C$13.66. 941,418 shares of the stock traded hands, compared to its average volume of 1,938,371. The company has a market cap of C$9.16 billion, a price-to-earnings ratio of -32.52 and a beta of 1.36. The stock has a fifty day moving average price of C$13.87 and a 200-day moving average price of C$15.00. NexGen Energy has a 52 week low of C$10.36 and a 52 week high of C$18.91. 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 (TSE:NXE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C($0.02) EPS for the quarter. Research analysts anticipate that NexGen Energy will post -0.07 EPS for the current 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.