In a report released on December 1, Andrew Wong CFA from RBC Capital maintained a Buy rating on NexGen Energy (NXE – Research Report), with a price target of C$10.00. The company’s shares closed yesterday at $4.18.
Wong CFA covers the Basic Materials sector, focusing on stocks such as Mosaic Co, CF Holdings, and Nutrien. According to TipRanks, Wong CFA has an average return of 15.4% and a 54.67% success rate on recommended stocks.
Currently, the analyst consensus on NexGen Energy is a Strong Buy with an average price target of $7.22, which is a 72.73% upside from current levels. In a report released on November 21, TD Securities also maintained a Buy rating on the stock with a C$9.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on NexGen Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $21.9 million. In comparison, last year the company had a GAAP net loss of $17.83 million
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NXE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on NXE:
