Royal Bank of Canada Trims NexGen Energy (TSE:NXE) Target Price to C$10.00

NexGen Energy (TSE:NXE) had its price objective reduced by Royal Bank of Canada from C$11.00 to C$10.00 in a research report report published on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on NXE. Ventum Cap Mkts raised NexGen Energy to a strong-buy rating in a research report on Monday, July 8th. Scotiabank decreased their price objective on NexGen Energy from C$13.50 to C$12.50 and set an outperform rating on the stock in a report on Friday, August 2nd. Raymond James decreased their price objective on NexGen Energy from C$13.00 to C$12.00 and set an outperform rating on the stock in a report on Friday, August 2nd. Cormark decreased their price objective on NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Finally, Ventum Financial decreased their price objective on NexGen Energy from C$12.50 to C$12.00 in a report on Monday, July 8th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of C$12.78.

NexGen Energy Stock Up 2.4 %

NXE stock opened at C$8.10 on Monday. NexGen Energy has a twelve month low of C$6.27 and a twelve month high of C$12.14. The company has a market cap of C$4.57 billion, a PE ratio of 47.65 and a beta of 1.77. The business’s 50-day simple moving average is C$9.10 and its 200 day simple moving average is C$10.00. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09.

Insider Activity

In other news, Director Richard J. Patricio sold 175,000 shares of NexGen Energy stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total value of C$1,692,285.00. In other news, Director Richard J. Patricio sold 175,000 shares of NexGen Energy stock in a transaction that occurred on Thursday, June 13th. The shares were 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 NexGen Energy stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. 7.96% of the stock is currently owned by corporate insiders.

About NexGen Energy

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.