Nexgen Energy Ltd (CVE:NXE) Price Target Raised to C$5.00 at Paradigm Capital

Nexgen Energy Ltd (CVE:NXE) had its price target boosted by equities researchers at Paradigm Capital from C$3.60 to C$5.00 in a note issued to investors on Tuesday, August 1st. Paradigm Capital’s price objective indicates a potential upside of 99.20% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on NXE. TD Securities upped their price objective on shares of Nexgen Energy from C$4.50 to C$4.75 and gave the company a “speculative buy” rating in a research report on Tuesday, August 1st. Eight Capital set a C$6.10 price target on shares of Nexgen Energy in a research report on Tuesday, August 1st.

Shares of Nexgen Energy (NXE) traded up 1.82% during trading on Tuesday, hitting $2.80. The stock had a trading volume of 304,240 shares. The stock has a 50-day moving average price of $2.97 and a 200 day moving average price of $3.21. Nexgen Energy has a 12 month low of $1.42 and a 12 month high of $4.45. The company’s market cap is $866.22 million.

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Nexgen Energy Company Profile

NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.

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