NexGen Energy (TSE:NXE) Hits New 1-Year Low at $7.31

NexGen Energy Ltd. (TSE:NXE)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$7.31 and last traded at C$7.33, with a volume of 908780 shares traded. The stock had previously closed at C$7.53.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NXE. Scotiabank lowered their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, August 19th. TD Securities dropped their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Raymond James cut their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Finally, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday. Eight research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$12.75.

NexGen Energy Stock Performance

The company has a market cap of C$4.07 billion, a PE ratio of 42.35 and a beta of 1.76. The company has a 50-day moving average of C$8.62 and a 200-day moving average of C$9.74. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. As a group, analysts anticipate that NexGen Energy Ltd. will post -0.07 earnings per share for the current year.

Insiders Place Their Bets

In other NexGen Energy news, Director Richard J. Patricio sold 175,000 shares of NexGen Energy stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. In other NexGen Energy news, Director Richard J. Patricio sold 175,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$9.67, for a total value of C$1,692,285.00. Also, Director Bradley John Wall sold 188,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of C$7.42, for a total value of C$1,395,336.00. 7.96% of the stock is currently owned by insiders.

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.