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

Shares of NexGen Energy Ltd. (TSE:NXE) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$12.89.

NXE has been the topic of a number of recent research reports. Raymond James decreased their price objective on NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Cormark decreased their price target on NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Haywood Securities upgraded NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Ventum Financial cut their target price on shares of NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, July 8th. Finally, TD Securities lowered their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday.

Insider Activity at NexGen Energy

In other news, Director Bradley John Wall sold 188,000 shares of NexGen Energy stock in a transaction on Friday, July 12th. The shares were sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. In related news, Director Bradley John Wall sold 188,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of C$7.42, for a total value of C$1,395,336.00. Also, Director Richard J. Patricio sold 175,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. 8.23% of the stock is currently owned by corporate insiders.

NexGen Energy Trading Up 1.2 %

Shares of TSE NXE opened at C$7.51 on Friday. NexGen Energy has a 1-year low of C$6.26 and a 1-year high of C$12.14. The company has a 50-day moving average of C$9.35 and a two-hundred day moving average of C$10.07. The company has a market cap of C$4.21 billion, a PE ratio of 68.64 and a beta of 1.82. The company has a current ratio of 1.96, a quick ratio of 8.20 and a debt-to-equity ratio of 19.12.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). As a group, equities analysts expect that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.