NexGen Energy Ltd. (TSE:NXE) Stock Has Consensus Target Price of C$19.88

NexGen Energy Ltd. (TSE:NXE – Get Free Report) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$19.88.

A number of equities research analysts recently commented on NXE shares. JPMorgan Chase & Co. set a C$19.00 price objective on NexGen Energy and gave the stock an “overweight” rating in a research note on Monday, September 21st. 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. Finally, National Bank Financial set a C$21.00 target price on NexGen Energy and gave the stock an “outperform” rating in a report on Monday, September 21st.

View Our Latest Analysis on NexGen Energy

NexGen Energy Price Performance

Shares of NXE stock opened at C$12.82 on Monday. The firm’s 50 day moving average price is C$13.93 and its two-hundred day moving average price is C$14.74. The company has a debt-to-equity ratio of 33.24, a quick ratio of 8.20 and a current ratio of 1.46. NexGen Energy has a 52-week low of C$10.36 and a 52-week high of C$18.91. The stock has a market cap of C$8.60 billion, a PE ratio of -30.52 and a beta of 1.36.

NexGen Energy (TSE:NXE – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C($0.02) EPS for the quarter. As a group, analysts forecast that NexGen Energy will post -0.07 EPS for the current year.

About NexGen Energy

(Get Free Report)

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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Analyst Recommendations for NexGen Energy (TSE:NXE)

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