In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on NexGen Energy (NXE – Research Report), with a price target of C$9.00. The company’s shares closed today at $4.04.
According to TipRanks, MacArthur is a 4-star analyst with an average return of 4.4% and a 44.88% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Teck Resources, Wheaton Precious Metals, and Centerra Gold.
NexGen Energy has an analyst consensus of Moderate Buy, with a price target consensus of $7.16.
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NXE market cap is currently $1.85B and has a P/E ratio of -49.87.
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NexGen Energy Ltd. engages in the acquisition, exploration, and development of uranium properties. Its project portfolio includes Arrow, South Arrow, Harpoon, Rook I, and IsoEnergy. The company was founded by Leigh B. Curyer on March 8, 2011 and is headquartered in Vancouver, Canada.
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