NexGen Energy (TSE:NXE) Shares Down 3.2% – What’s Next?

Shares of NexGen Energy Ltd. (TSE:NXE – Get Free Report) fell 3.2% during mid-day trading on Wednesday . The company traded as low as C$12.37 and last traded at C$12.53. 2,952,308 shares were traded during mid-day trading, an increase of 47% from the average session volume of 2,002,774 shares. The stock had previously closed at C$12.94.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial boosted their price target on NexGen Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$19.75.

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NexGen Energy Stock Performance

The firm has a market cap of C$8.49 billion, a price-to-earnings ratio of -18.85 and a beta of 1.20. The stock’s fifty day moving average is C$14.00 and its two-hundred day moving average is C$15.60. The company has a debt-to-equity ratio of 42.09, a quick ratio of 8.20 and a current ratio of 1.37.

NexGen Energy (TSE:NXE – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C($0.24) EPS for the quarter. On average, analysts expect that NexGen Energy Ltd. will post -0.07 earnings per share for the current fiscal year.

NexGen Energy Company Profile

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NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.

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