National Bankshares set a C$11.00 price objective on NexGen Energy (TSE:NXE – Free Report) in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other equities analysts have also commented on the stock. Cormark reduced their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Royal Bank of Canada reduced their target price on NexGen Energy from C$11.00 to C$10.00 and set an outperform rating on the stock in a report on Monday, August 12th. Raymond James decreased their price target 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. TD Securities cut their price objective on NexGen Energy from C$13.00 to C$12.00 and set a buy rating for the company in a research report on Thursday, August 8th. Finally, Ventum Cap Mkts upgraded NexGen Energy to a strong-buy rating in a report on Monday, July 8th. Eight equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of C$12.75.
NexGen Energy Price Performance
NexGen Energy (TSE:NXE – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. On average, analysts expect that NexGen Energy will post -0.07 earnings per share for the current fiscal year.
Insider Activity at NexGen Energy
In other NexGen Energy news, Director Bradley John Wall sold 188,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. In other news, Director Richard J. Patricio sold 175,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$9.67, for a total value of C$1,692,285.00. Also, Director Bradley John Wall sold 188,000 shares of the firm’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. 7.96% of the stock is owned by company 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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