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

NexGen Energy Ltd. (TSE:NXE) has received an average recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$13.59.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Cormark increased their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Haywood Securities increased their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Scotiabank increased their target price on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday, November 20th. Finally, Raymond James increased their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th.

Insider Transactions at NexGen Energy

In other news, Director Leigh Robert Curyer acquired 1,500,000 shares of NexGen Energy stock in a transaction on Friday, December 20th. The shares were purchased at an average price of C$10.05 per share, with a total value of C$15,075,000.00. 7.96% of the stock is owned by company insiders.

NexGen Energy Stock Up 1.0 %

NXE stock opened at C$7.73 on Thursday. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20. NexGen Energy has a 52-week low of C$7.04 and a 52-week high of C$12.51. The company has a 50-day moving average of C$9.50 and a two-hundred day moving average of C$9.53. The stock has a market capitalization of C$4.37 billion, a price-to-earnings 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.