NexGen Energy (TSE:NXE) Given New C$13.50 Price Target at Raymond James

NexGen Energy (TSE:NXE) had its price target lifted by Raymond James from C$12.00 to C$13.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James also issued estimates for NexGen Energy’s FY2024 earnings at ($0.07) EPS.

A number of other analysts have also commented on the company. TD Securities dropped their price target on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. National Bankshares lifted their target price on NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Cormark decreased their price objective on shares of NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Finally, Scotiabank boosted their target price on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$13.86.

NexGen Energy Stock Performance

TSE NXE opened at C$11.65 on Wednesday. The company has a market cap of C$6.58 billion, a P/E ratio of 68.53 and a beta of 1.76. The company has a fifty day simple moving average of C$9.48 and a 200 day simple moving average of C$9.45. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.14.

NexGen Energy (TSE:NXE) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the firm earned ($0.03) earnings per share. Sell-side analysts predict that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

NexGen Energy Company Profile

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.