TD Securities Lowers NexGen Energy (TSE:NXE) Price Target to C$12.00

NexGen Energy (TSE:NXE) had its price target decreased by equities research analysts at TD Securities from C$13.00 to C$12.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 69.73% from the stock’s current price.

NXE has been the subject of several other reports. Scotiabank upped their price objective on shares of NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th. Royal Bank of Canada increased their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Cormark boosted their price objective on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Raymond James increased their target price on NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Finally, Haywood Securities lifted their target price on shares of NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$13.34.

NexGen Energy Trading Down 0.7 %

NXE stock traded down C$0.05 during trading on Thursday, hitting C$7.07. 1,281,897 shares of the company traded hands, compared to its average volume of 1,739,432. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The company has a 50-day moving average of C$9.23 and a 200-day moving average of C$9.52. The firm has a market capitalization of C$4.00 billion, a PE ratio of 27.07 and a beta of 1.76. NexGen Energy has a 1 year low of C$6.66 and a 1 year high of C$12.51.

Insider Buying and Selling at NexGen Energy

In other NexGen Energy news, Director Leigh Robert Curyer sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$11.55, for a total transaction of C$14,442,875.00. 7.96% of the stock is currently owned by company insiders.

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.