Insider Buying: NexGen Energy Ltd. (TSE:NXE) Director Buys 1,500,000 Shares of Stock

NexGen Energy Ltd. (TSE:NXE) Director Leigh Robert Curyer bought 1,500,000 shares of NexGen Energy stock in a transaction dated Friday, December 20th. The shares were bought at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00.

Leigh Robert Curyer also recently made the following trade(s):

• On Thursday, December 12th, Leigh Robert Curyer sold 1,250,000 shares of NexGen Energy stock. The stock was sold at an average price of C$11.55, for a total transaction of C$14,442,875.00.

NexGen Energy Trading Up 2.1 %

Shares of NXE traded up C$0.22 during trading hours on Friday, reaching C$10.75. The stock had a trading volume of 1,809,672 shares, compared to its average volume of 1,969,797. The company has a market cap of C$6.07 billion, a P/E ratio of 63.24 and a beta of 1.76. NexGen Energy Ltd. has a 52 week low of C$7.04 and a 52 week high of C$12.51. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. The firm has a 50-day moving average of C$10.67 and a 200 day moving average of C$9.53.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter last year, the company posted ($0.03) earnings per share. On average, sell-side analysts expect that NexGen Energy Ltd. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on NXE. Cormark lifted their target price on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Scotiabank upped their target price on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday, November 20th. National Bankshares raised their target price on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Haywood Securities boosted their price target on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NexGen Energy has an average rating of “Buy” and a consensus target price of C$14.42.

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.