NexGen Energy (TSE:NXE) Price Target Lowered to C$13.00 at Cormark

NexGen Energy (TSE:NXE) had its price target cut by Cormark from C$13.75 to C$13.00 in a research note published on Friday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Raymond James dropped their price objective on NexGen Energy from C$13.50 to C$13.00 in a report on Thursday, May 9th. Ventum Financial lowered their target price on NexGen Energy from C$12.50 to C$12.00 in a report on Monday, July 8th. Ventum Cap Mkts upgraded NexGen Energy to a strong-buy rating in a report on Monday, July 8th. Finally, Haywood Securities upgraded NexGen Energy to a strong-buy rating in a report on Friday, May 17th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of C$12.83.

NexGen Energy Price Performance

NXE opened at C$7.71 on Friday. The business has a fifty day moving average of C$9.54 and a 200 day moving average of C$10.13. NexGen Energy has a 52-week low of C$6.25 and a 52-week high of C$12.14. The company has a quick ratio of 8.20, a current ratio of 1.96 and a debt-to-equity ratio of 19.12. The stock has a market cap of C$4.32 billion, a P/E ratio of 70.09 and a beta of 1.82.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). As a group, sell-side analysts anticipate that NexGen Energy will post -0.07 EPS for the current year.

Insider Activity at NexGen Energy

In related news, Director Bradley John Wall sold 188,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. In other news, Director Bradley John Wall sold 188,000 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of C$7.42, for a total value of C$1,395,336.00. Also, Director Richard J. Patricio sold 175,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total value of C$1,692,285.00. 8.23% of the stock is currently owned by corporate insiders.

About NexGen Energy

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.