NexGen Energy (TSE:NXE) Given New C$18.00 Price Target at Scotiabank

NexGen Energy (TSE:NXE) had its target price lifted by Scotiabank from C$16.00 to C$18.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Haywood Securities lifted their price target on NexGen Energy from C$12.50 to C$15.00 in a research report on Monday, November 10th. National Bank Financial increased their price objective on shares of NexGen Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Raymond James Financial lifted their target price on shares of NexGen Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Friday. TD Securities upped their target price on shares of NexGen Energy from C$15.00 to C$20.00 in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus increased their price target on shares of NexGen Energy from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$19.09.

NexGen Energy Stock Down 3.3%

Shares of NexGen Energy stock traded down C$0.56 during midday trading on Friday, hitting C$16.41. The company had a trading volume of 2,134,241 shares, compared to its average volume of 2,595,851. NexGen Energy has a 52-week low of C$5.59 and a 52-week high of C$18.91. The company has a debt-to-equity ratio of 32.03, a quick ratio of 8.20 and a current ratio of 1.82. The stock has a market capitalization of C$10.74 billion, a P/E ratio of -27.81 and a beta of 1.11. The company has a 50 day moving average of C$16.12 and a 200 day moving average of C$13.35.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, March 4th. The company reported C($0.06) EPS for the quarter. On average, equities analysts predict that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

Key Headlines Impacting NexGen Energy

Here are the key news stories impacting NexGen Energy this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to C$30.00 and kept a “buy” rating — the largest upside among the updates, implying substantial valuation upside vs. the current price. Article Title
• Positive Sentiment: Royal Bank of Canada lifted its target to C$20.00 and rated NXE “outperform,” signaling a materially higher fair‑value estimate from a major Canadian bank. Article Title
• Positive Sentiment: Scotiabank increased its target to C$18.00 with an “outperform” rating — a moderate uplift reinforcing the bullish analyst trend. Article Title Ticker Report
• Positive Sentiment: Raymond James raised its target to C$20.00 and kept an “outperform” stance, matching other brokers’ upgraded outlooks. Article Title
• Positive Sentiment: UBS initiated/updated a C$20.00 price target with a “buy” rating, adding another institutional vote of confidence. Article Title Ticker Report

About NexGen Energy

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.