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$11.00. The company’s shares closed today at $5.98.
According to TipRanks, MacArthur is a 4-star analyst with an average return of 5.9% and a 48.38% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Wheaton Precious Metals, and MAG Silver.
NexGen Energy has an analyst consensus of Strong Buy, with a price target consensus of $7.37.
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The company has a one-year high of $6.45 and a one-year low of $3.40. Currently, NexGen Energy has an average volume of 3.45M.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 (NXE) Company Description:
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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