JPMorgan Chase & Co. Reiterates “C$19.00” Price Target for NexGen Energy (TSE:NXE)

JPMorgan Chase & Co. set a C$19.00 price target on NexGen Energy (TSE:NXE – Free Report) in a report released on Monday,BayStreet reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. National Bank Financial set a C$21.00 price objective on NexGen Energy and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group set a C$21.00 target price on NexGen Energy and gave the company a “buy” rating in a research note on Thursday, September 3rd. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat, NexGen Energy currently has a consensus rating of “Buy” and an average price target of C$19.88.

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NexGen Energy Price Performance

Shares of TSE NXE opened at C$13.59 on Monday. NexGen Energy has a 1-year low of C$10.36 and a 1-year high of C$18.91. The business has a 50-day moving average of C$13.92 and a 200-day moving average of C$14.93. The company has a debt-to-equity ratio of 33.24, a current ratio of 1.46 and a quick ratio of 8.20. The company has a market capitalization of C$9.11 billion, a price-to-earnings ratio of -32.36 and a beta of 1.36.

NexGen Energy (TSE:NXE – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, equities analysts anticipate that NexGen Energy will post -0.07 EPS 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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