NexGen Energy (TSE:NXE) Shares Up 0.9%

NexGen Energy Ltd. (TSE:NXE) shares traded up 0.9% on Monday . The stock traded as high as C$10.69 and last traded at C$10.56. 1,760,503 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 2,252,831 shares. The stock had previously closed at C$10.47.

Wall Street Analyst Weigh In

NXE has been the subject of a number of recent research reports. Raymond James boosted their price objective on shares of NexGen Energy from C$12.00 to C$14.00 in a research report on Tuesday. Eight Capital raised their price objective on NexGen Energy from C$13.00 to C$21.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. Scotiabank set a C$13.50 price objective on NexGen Energy and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Cormark raised their target price on shares of NexGen Energy from C$11.50 to C$13.75 in a research note on Thursday, February 8th.

NexGen Energy Stock Performance

The firm has a market capitalization of C$5.78 billion, a PE ratio of 67.00 and a beta of 1.80. The company has a debt-to-equity ratio of 19.56, a quick ratio of 8.20 and a current ratio of 11.00. The business’s fifty day simple moving average is C$10.38 and its 200-day simple moving average is C$9.53.

NexGen Energy (TSE:NXE) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.06). As a group, equities research analysts expect that NexGen Energy Ltd. will post -0.07 EPS for the current year.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.