NexGen Energy (TSE:NXE) Given New C$10.00 Price Target at Canaccord Genuity

NexGen Energy (TSE:NXE) had its price target hoisted by equities researchers at Canaccord Genuity from C$7.00 to C$10.00 in a research note issued on Thursday, reports. The firm presently has a “na” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 73.01% from the company’s current price.

A number of other equities analysts also recently commented on the company. TD Securities increased their price objective on NexGen Energy to C$10.00 and gave the stock a “speculative buy” rating in a report on Wednesday, September 15th. Raymond James increased their price objective on NexGen Energy from C$7.50 to C$8.50 and gave the stock an “outperform” rating in a report on Friday, September 17th. Finally, Royal Bank of Canada increased their price target on NexGen Energy from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, September 3rd.

TSE:NXE opened at C$5.78 on Thursday. NexGen Energy has a 52 week low of C$2.12 and a 52 week high of C$7.81. The company has a market capitalization of C$2.75 billion and a P/E ratio of -14.10. The company has a debt-to-equity ratio of 14.12, a quick ratio of 41.05 and a current ratio of 41.32.

About NexGen Energy

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.

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