NexGen Energy (TSE:NXE) Given New C$14.00 Price Target at Ventum Financial
Posted by Defense World Staff on Aug 23rd, 2024
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NexGen Energy Ltd. logoNexGen Energy (TSE:NXE – Free Report) had its target price boosted by Ventum Financial from C$12.00 to C$14.00 in a research note published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
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Other equities research analysts have also issued reports about the company. Ventum Cap Mkts upgraded NexGen Energy to a strong-buy rating in a research report on Monday, July 8th. Royal Bank of Canada lowered their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an outperform rating for the company in a report on Monday, August 12th. TD Securities cut 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 note on Thursday, August 8th. Raymond James decreased their price target on NexGen Energy from C$13.00 to C$12.00 and set an outperform rating for the company in a research note on Friday, August 2nd. Finally, Cormark reduced their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of C$12.94.
Check Out Our Latest Stock Report on NXE
NexGen Energy Stock Performance
NexGen Energy stock opened at C$7.92 on Thursday. NexGen Energy has a 1-year low of C$6.80 and a 1-year high of C$12.14. The firm has a market cap of C$4.47 billion, a P/E ratio of 46.59 and a beta of 1.77. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. The firm has a 50-day moving average of C$8.93 and a 200-day moving average of C$9.90.
Insider Activity
In other NexGen Energy news, Director Richard J. Patricio sold 175,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was 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 business’s stock in a transaction dated Thursday, June 13th. The shares were 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 dated Friday, July 12th. The shares were sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. Company insiders own 7.96% of the company’s stock.