NexGen Energy (TSE:NXE) Given a C$13.50 Price Target by Scotiabank Analysts

NexGen Energy (TSE:NXEGet Free Report) received a C$13.50 target price from research analysts at Scotiabank in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 16.38% from the stock’s previous close.

Other analysts also recently issued reports about the company. Cormark increased their price target on NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Eight Capital raised their target price on NexGen Energy from C$13.00 to C$21.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. Finally, Raymond James raised their target price on NexGen Energy from C$11.00 to C$12.00 in a research report on Friday, March 8th.

View Our Latest Analysis on NexGen Energy

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at C$11.60 on Monday. The company has a market cap of C$6.26 billion, a PE ratio of 72.50 and a beta of 1.80. NexGen Energy has a 52 week low of C$4.75 and a 52 week high of C$11.60. The business has a 50 day moving average price of C$10.19 and a 200-day moving average price of C$9.22. The company has a quick ratio of 8.20, a current ratio of 11.00 and a debt-to-equity ratio of 19.56.

NexGen Energy (TSE:NXEGet Free Report) last released its earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.02) by C($0.06). Equities analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

Insider Activity at NexGen Energy

In other NexGen Energy news, Director Bradley John Wall sold 500,000 shares of NexGen Energy stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$10.20, for a total transaction of C$5,099,500.00. 8.03% of the stock is owned by corporate insiders.

About NexGen Energy

(Get Free Report)

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

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