NexGen Energy (TSE:NXE) Trading Up 0.9%

NexGen Energy Ltd. (TSE:NXE) shares were up 0.9% on Monday . The company traded as high as C$10.69 and last traded at C$10.56. Approximately 1,760,503 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 2,252,831 shares. The stock had previously closed at C$10.47.

Wall Street Analysts Forecast Growth

NXE has been the subject of several analyst reports. Scotiabank set a C$13.50 price objective on NexGen Energy and gave the stock an “outperform” rating in a research note on Monday, April 1st. Eight Capital upped their target price on shares of NexGen Energy from C$13.00 to C$21.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. Cormark raised their price target on shares of NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Finally, Raymond James upped their price objective on shares of NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday.

NexGen Energy Stock Up 0.6 %

The company has a 50 day moving average of C$10.38 and a 200-day moving average of C$9.53. The company has a debt-to-equity ratio of 19.56, a current ratio of 11.00 and a quick ratio of 8.20. The company has a market cap of C$5.78 billion, a P/E ratio of 67.00 and a beta of 1.80.

NexGen Energy (TSE:NXE) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.06). On average, equities analysts predict that NexGen Energy Ltd. will post -0.07 earnings per share for the current year.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.