NexGen Energy Ltd. (TSE:NXE) Stock Has Consensus Target Price of C$19.88 According to Brokerages

NexGen Energy Ltd. (TSE:NXE) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$19.88.

A number of brokerages have issued reports on NXE. JPMorgan Chase & Co. set a C$19.00 price objective on shares of NexGen Energy and gave the company an “overweight” rating in a report on Monday, September 21st. National Bank Financial set a C$21.00 target price on shares of NexGen Energy and gave the stock an “outperform” rating in a report on Monday, September 21st. Finally, Jefferies Financial Group set a C$21.00 target price on shares of NexGen Energy and gave the stock a “buy” rating in a research report on Thursday, September 3rd.

NexGen Energy Stock Performance

TSE:NXE opened at C$12.97 on Monday. The stock has a 50-day moving average price of C$13.94 and a 200 day moving average price of C$14.79. The stock has a market capitalization of C$8.70 billion, a P/E ratio of -30.88 and a beta of 1.36. NexGen Energy has a 12-month low of C$10.36 and a 12-month high of C$18.91. The company has a current ratio of 1.46, a quick ratio of 8.20 and a debt-to-equity ratio of 33.24.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C($0.02) EPS for the quarter. Equities research analysts forecast that NexGen Energy will post -0.07 EPS for the current fiscal year.

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.