Raymond James Lowers NexGen Energy (TSE:NXE) Price Target to C$13.50

NexGen Energy (TSE:NXE) had its target price cut by Raymond James from C$14.00 to C$13.50 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for NexGen Energy’s FY2024 earnings at ($0.13) EPS.

NXE has been the topic of a number of other reports. Scotiabank set a C$13.50 price objective on NexGen Energy and gave the company an outperform rating in a research note on Monday, April 1st. Cormark boosted their price target on shares of NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Finally, Eight Capital raised their price objective on shares of NexGen Energy from C$13.00 to C$21.00 and gave the stock a buy rating in a report on Monday, January 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NexGen Energy has a consensus rating of Buy and an average target price of C$13.34.

NexGen Energy Trading Up 1.3 %

TSE:NXE opened at C$11.33 on Wednesday. NexGen Energy has a 12 month low of C$4.91 and a 12 month high of C$12.00. The company has a current ratio of 11.00, a quick ratio of 8.20 and a debt-to-equity ratio of 19.56. The firm’s 50 day moving average is C$10.55 and its 200 day moving average is C$9.68. The stock has a market capitalization of C$6.11 billion, a PE ratio of 70.81 and a beta of 1.82.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.06). Sell-side analysts expect that NexGen Energy will post -0.07 earnings per share for the current 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 a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.