NexGen Energy (TSE:NXE) Given New C$12.00 Price Target at TD Securities

NexGen Energy (TSE:NXE) had its target price cut by stock analysts at TD Securities from C$13.00 to C$12.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 69.73% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Raymond James boosted their price objective on NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Haywood Securities increased their price objective on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Royal Bank of Canada upped their price objective on NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Cormark raised their price objective on NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Finally, Scotiabank increased their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday, November 20th. Six analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$13.34.

NexGen Energy Price Performance

TSE NXE traded down C$0.05 on Thursday, hitting C$7.07. The company had a trading volume of 1,281,897 shares, compared to its average volume of 1,739,432. NexGen Energy has a 12-month low of C$6.66 and a 12-month high of C$12.51. The company has a market capitalization of C$4.00 billion, a PE ratio of 27.07 and a beta of 1.76. The company’s fifty day moving average price is C$9.23 and its 200-day moving average price is C$9.52. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.16 and a quick ratio of 8.20.

Insider Transactions at NexGen Energy

In related news, Director Leigh Robert Curyer bought 1,500,000 shares of NexGen Energy stock in a transaction on Friday, December 20th. The shares were purchased at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is owned by insiders.

About NexGen Energy

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.