NexGen Energy (TSE:NXE) Reaches New 52-Week Low at $7.31

NexGen Energy Ltd. (TSE:NXE) shares hit a new 52-week low on Thursday . The stock traded as low as C$7.31 and last traded at C$7.33, with a volume of 908780 shares. The stock had previously closed at C$7.53.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXE. TD Securities lowered their price objective on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Scotiabank dropped their price target on shares of NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, August 19th. Ventum Financial raised their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Haywood Securities raised shares of NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th. Finally, Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. Eight analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, NexGen Energy has a consensus rating of “Buy” and a consensus target price of C$12.75.

NexGen Energy Stock Down 1.8 %

The company has a market cap of C$4.07 billion, a PE ratio of 42.35 and a beta of 1.76. The stock has a 50-day moving average of C$8.62 and a 200-day moving average of C$9.74. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09.

NexGen Energy (TSE:NXE) last released its quarterly earnings results on Wednesday, August 7th. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.04) by C$0.02. Sell-side analysts predict that NexGen Energy Ltd. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at NexGen Energy

In other news, Director Richard J. Patricio sold 175,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total value of C$1,692,285.00. In other news, Director Richard J. Patricio sold 175,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. Also, Director Bradley John Wall sold 188,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of C$7.42, for a total value of C$1,395,336.00. 7.96% of the stock is currently owned by company insiders.

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.