NexGen Energy (TSE:NXE – Free Report) had its price target decreased by Royal Bank of Canada from C$11.00 to C$10.00 in a report issued on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
Several other research analysts have also issued reports on the company. Haywood Securities raised NexGen Energy to a strong-buy rating in a research report on Friday, May 17th. Raymond James lowered their price objective on NexGen Energy from C$13.00 to C$12.00 and set an outperform rating for the company in a research report on Friday, August 2nd. Cormark cut their price objective on NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. Scotiabank decreased their target price on shares of NexGen Energy from C$13.50 to C$12.50 and set an outperform rating for the company in a research report on Friday, August 2nd. Finally, TD Securities dropped their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Buy and an average price target of C$12.78.
View Our Latest Stock Report on NexGen Energy
NexGen Energy Stock Up 3.1 %
Insider Buying and Selling
In other NexGen Energy news, Director Bradley John Wall sold 188,000 shares of the business’s stock in a transaction 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. In other news, Director Bradley John Wall sold 188,000 shares of the stock in a transaction that occurred 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. Also, Director Richard J. Patricio sold 175,000 shares of NexGen Energy stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. 7.96% of the stock is owned by corporate insiders.
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.
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