NexGen Energy (TSE:NXE) Sets New 52-Week Low – Time to Sell?

NexGen Energy Ltd. (TSE:NXE) shares reached a new 52-week low on Monday . The company traded as low as C$5.59 and last traded at C$5.76, with a volume of 385451 shares trading hands. The stock had previously closed at C$5.92.

Wall Street Analysts Forecast Growth

NXE has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of NexGen Energy from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. TD Securities dropped their price target on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. National Bankshares decreased their price objective on NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating for the company in a report on Friday, March 7th. Finally, Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Six investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$13.22.

NexGen Energy Stock Performance

The business’s fifty day moving average price is C$7.81 and its 200-day moving average price is C$9.34. The stock has a market capitalization of C$3.29 billion, a PE ratio of 22.28 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.

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.