NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Analysts

NexGen Energy Ltd. (TSE:NXE) has earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$13.59.

A number of research firms have recently weighed in on NXE. Cormark upped their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Raymond James upped their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Haywood Securities upped their price target on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Scotiabank upped their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada upped their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st.

Insider Buying and Selling

In other NexGen Energy news, Director Leigh Robert Curyer sold 1,250,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$11.55, for a total transaction of C$14,442,875.00. 7.96% of the stock is currently owned by corporate insiders.

NexGen Energy Price Performance

Shares of TSE:NXE opened at C$7.73 on Thursday. The company’s fifty day moving average is C$9.50 and its two-hundred day moving average is C$9.53. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.51. The company has a market cap of C$4.37 billion, a P/E ratio of 29.60 and a beta of 1.76.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.