NexGen Energy (TSE:NXE) Price Target Lowered to C$12.00 at Scotiabank

NexGen Energy (TSE:NXE) had its target price trimmed by Scotiabank from C$14.50 to C$12.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also weighed in on the company. Royal Bank of Canada boosted their price objective on NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Cormark boosted their price target on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. TD Securities reduced their price objective on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday. Haywood Securities boosted their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Finally, Raymond James increased their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Six research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, NexGen Energy presently has a consensus rating of “Buy” and a consensus target price of C$13.34.

NexGen Energy Price Performance

NXE opened at C$7.08 on Thursday. The company has a market capitalization of C$4.01 billion, a P/E ratio of 27.11 and a beta of 1.76. The company has a 50-day moving average of C$9.17 and a 200-day moving average of C$9.50. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. NexGen Energy has a 1-year low of C$6.66 and a 1-year high of C$12.51.

Insider Buying and Selling at NexGen Energy

In other news, Director Leigh Robert Curyer purchased 1,500,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is currently owned by company insiders.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.