Royal Bank of Canada Increases NexGen Energy (TSE:NXE) Price Target to C$15.00

NexGen Energy (TSE:NXE) had its price objective lifted by Royal Bank of Canada from C$10.00 to C$15.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. TD Securities reduced their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Scotiabank upped their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Ventum Financial upped their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, National Bankshares upped their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$14.42.

NexGen Energy Price Performance

Shares of TSE:NXE opened at C$12.20 on Thursday. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.23. The business has a 50-day simple moving average of C$9.66 and a two-hundred day simple moving average of C$9.48. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The firm has a market cap of C$6.89 billion, a price-to-earnings ratio of 71.76 and a beta of 1.76.

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