RBC Capital analyst Andrew Wong CFA maintained a Buy rating on NexGen Energy (NXE – Research Report) yesterday and set a price target of C$11.00. The company’s shares closed yesterday at $7.37.
According to TipRanks, Wong CFA is a 4-star analyst with an average return of 9.3% and a 48.47% success rate. Wong CFA covers the Basic Materials sector, focusing on stocks such as CF Holdings, Lsb Industries, and Mosaic Co.
Currently, the analyst consensus on NexGen Energy is a Strong Buy with an average price target of $10.88, implying a 47.63% upside from current levels. In a report released on March 8, Raymond James also maintained a Buy rating on the stock with a C$12.00 price target.
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NXE market cap is currently $3.84B and has a P/E ratio of 71.35.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is neutral on the stock.
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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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