Raymond James analyst Brian MacArthur maintained a Buy rating on NexGen Energy (NXE – Research Report) today and set a price target of C$14.00. The company’s shares closed today at $7.82.
According to TipRanks, MacArthur is a 5-star analyst with an average return of 9.9% and a 55.92% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as MAG Silver, Coeur Mining, and Franco-Nevada.
NexGen Energy has an analyst consensus of Strong Buy, with a price target consensus of $9.21, a 17.85% upside from current levels. In a report released on April 9, Canaccord Genuity also maintained a Buy rating on the stock with a C$14.00 price target.
Based on NexGen Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $158.9 million. In comparison, last year the company had a net profit of $19.22 million
Based on the recent corporate insider activity of 41 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 (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.
Read More on NXE:
