NexGen Energy (NYSEAMERICAN:NXE) had its target price raised by research analysts at Canaccord Genuity from $5.00 to $6.75 in a research report issued on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 68.33% from the company’s current price.
Several other brokerages have also recently commented on NXE. Raymond James increased their target price on NexGen Energy from $4.25 to $5.00 and gave the stock an “outperform” rating in a report on Friday, January 15th. Zacks Investment Research downgraded NexGen Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 20th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $4.13.
Shares of NXE stock opened at $4.01 on Tuesday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -44.55 and a beta of 2.15. The company has a current ratio of 12.44, a quick ratio of 12.44 and a debt-to-equity ratio of 1.07. NexGen Energy has a 12 month low of $0.50 and a 12 month high of $4.27. The stock’s 50 day simple moving average is $2.31.
NexGen Energy Company Profile
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. The company holds a 100% interest in its principal property, the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.
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