Raymond James Increases NexGen Energy (TSE:NXE) Price Target to C$14.00

NexGen Energy (TSE:NXE) had its target price increased by equities researchers at Raymond James from C$12.00 to C$14.00 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 30.60% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Cormark increased their price target on shares of NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Scotiabank set a C$13.50 target price on shares of NexGen Energy and gave the stock an “outperform” rating in a research report on Monday, April 1st. Finally, Eight Capital upped their price target on shares of NexGen Energy from C$13.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, January 15th.

NexGen Energy Stock Performance

TSE NXE opened at C$10.72 on Tuesday. NexGen Energy has a 52-week low of C$4.75 and a 52-week high of C$12.00. The company has a fifty day moving average of C$10.38 and a 200-day moving average of C$9.53. The company has a market capitalization of C$5.78 billion, a P/E ratio of 67.00 and a beta of 1.80. The company has a debt-to-equity ratio of 19.56, a quick ratio of 8.20 and a current ratio of 11.00.

NexGen Energy (TSE:NXE) last issued its quarterly 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). As a group, equities research analysts predict that NexGen Energy will post -0.07 EPS for the current fiscal year.

NexGen Energy Company Profile

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.