NexGen Energy (TSE:NXE) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of NexGen Energy (TSE:NXEFree Report) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other brokerages have also weighed in on NXE. Scotiabank dropped their price objective on shares of NexGen Energy from C$14.50 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Cormark upped their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. TD Securities lowered their price target 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, March 6th. National Bankshares lowered their price target on shares of NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a report on Friday, March 7th. Finally, Haywood Securities upped their price target on shares of NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$13.28.

Get Our Latest Analysis on NXE

NexGen Energy Price Performance

Shares of NXE opened at C$6.91 on Tuesday. The firm has a market capitalization of C$3.91 billion, a PE ratio of 26.46 and a beta of 1.76. 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 1-year low of C$6.44 and a 1-year high of C$12.51. The company’s fifty day moving average price is C$8.95 and its 200-day moving average price is C$9.48.

Insiders Place Their Bets

In other news, Director Leigh Robert Curyer acquired 1,500,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. Insiders own 7.96% of the company’s stock.

About NexGen Energy

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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.

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Analyst Recommendations for NexGen Energy (TSE:NXE)

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