The price of NexGen Energy Ltd. (NYSE:NXE) shares last traded on Wall Street fell -2.51% to $3.89.
Based on available information, 11 analysts follow NexGen Energy Ltd. (NYSE:NXE). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.53 and a low of $4.99, we find $7.10. Given the previous closing price of $3.99, this indicates a potential upside of 77.94 percent. NXE stock price is now 2.76% away from the 50-day moving average and -5.86% away from the 200-day moving average. The market capitalization of the company currently stands at $2.58B.
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Among analysts, 0 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $7.16 as their price target over the next twelve months.
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Insiders disposed of 1,600,000 shares of company stock worth roughly $6.22 million over the past 1 year. A total of 15.95% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NXE stock. A new stake in NexGen Energy Ltd. shares was purchased by LLOYD HARBOR CAPITAL MANAGEMENT, LLC during the first quarter worth $24,013,000. TELEMARK ASSET MANAGEMENT, LLC invested $2,918,000 in shares of NXE during the first quarter. In the first quarter, PINE VALLEY INVESTMENTS LTD LIABILITY CO acquired a new stake in NexGen Energy Ltd. valued at approximately $1,817,000. CM WEALTH ADVISORS LLC acquired a new stake in NXE for approximately $1,124,000. CRESTLINE MANAGEMENT, LP purchased a new stake in NXE valued at around $874,000 in the second quarter. In total, there are 202 active investors with 33.48% ownership of the company’s stock.
A candlestick chart of NexGen Energy Ltd. (NYSE: NXE) showed a price of $3.9800 on Wednesday morning. During the past 12 months, NexGen Energy Ltd. has had a low of $3.39 and a high of $5.33. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 11.20, and a quick ratio of 11.20. The fifty day moving average price for NXE is $3.7888 and a two-hundred day moving average price translates $4.1302 for the stock.
The latest earnings results from NexGen Energy Ltd. (NYSE: NXE) was released for Mar, 2023. According to the Uranium Company, earnings per share came in at -$0.01, inline with analysts’ expectations of -$0.01. This compares to -$0.05 EPS in the same period last year. The company reported revenue of $10.51 million for the quarter, compared to $9.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.0 percent.
NexGen Energy Ltd.(NXE) Company Profile
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan. The company is headquartered in Vancouver, Canada.
