NexGen Energy (TSE:NXE) Sets New 52-Week Low – Here’s What Happened

NexGen Energy Ltd. (TSE:NXE) shares hit a new 52-week low during trading on Monday . The company traded as low as C$6.17 and last traded at C$6.32, with a volume of 414637 shares trading hands. The stock had previously closed at C$6.49.

Analysts Set New Price Targets

NXE has been the subject of several research reports. Scotiabank reduced their target price on shares of NexGen Energy from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. TD Securities decreased their price objective on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, National Bankshares lowered their price target on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a report on Friday, March 7th. Six research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, NexGen Energy has an average rating of “Buy” and a consensus price target of C$13.22.

NexGen Energy Stock Down 2.2 %

The company has a current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. The stock has a market capitalization of C$3.59 billion, a P/E ratio of 24.31 and a beta of 1.76. The firm’s fifty day moving average is C$8.21 and its 200-day moving average is C$9.38.

NexGen Energy Company Profile

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.