NexGen Energy (TSE:NXE) Given New C$15.00 Price Target at Royal Bank of Canada

NexGen Energy (TSE:NXE) had its price target raised by equities research analysts at Royal Bank of Canada from C$10.00 to C$15.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 24.48% from the company’s current price.

NXE has been the subject of a number of other reports. Scotiabank lifted their price objective on NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday. Cormark increased their price target on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday. Raymond James lifted their price target on NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday. National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Ventum Financial lifted their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NexGen Energy has an average rating of “Buy” and an average target price of C$14.42.

NexGen Energy Trading Up 3.4 %

Shares of NexGen Energy stock traded up C$0.40 during midday trading on Thursday, reaching C$12.05. 1,480,410 shares of the company’s stock traded hands, compared to its average volume of 1,964,878. The company has a market cap of C$6.80 billion, a PE ratio of 70.59 and a beta of 1.76. The stock has a 50 day moving average of C$9.56 and a 200-day moving average of C$9.47. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.14. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20.

NexGen Energy (TSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period in the previous year, the firm posted ($0.03) earnings per share. As a group, equities analysts expect that NexGen Energy will post -0.07 EPS for the current fiscal 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.