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

NexGen Energy (TSE:NXE) was upgraded by investment analysts at Stifel Canada to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Raymond James raised their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Royal Bank of Canada raised their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. TD Securities reduced 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 research note on Thursday, March 6th. Haywood Securities raised their price target on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Finally, National Bankshares reduced 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 research note on Friday, March 7th. Six research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$13.28.

NexGen Energy Price Performance

NexGen Energy stock opened at C$6.91 on Tuesday. The firm has a 50-day moving average price of C$8.95 and a 200-day moving average price of C$9.48. 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 current ratio of 1.16, a quick ratio of 8.20 and a debt-to-equity ratio of 35.49. NexGen Energy has a 12-month low of C$6.44 and a 12-month high of C$12.51.

Insider Buying and Selling at NexGen Energy

In other news, Director Leigh Robert Curyer purchased 1,500,000 shares of the stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost 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.

NexGen Energy Company Profile

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.