NexGen Energy (NXE) Gets a Buy from Stifel Nicolaus

In a report released today, Ralph M. Profiti from Stifel Nicolaus maintained a Buy rating on NexGen Energy, with a price target of C$20.00.

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M. Profiti covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Teck Resources, and Freeport-McMoRan. According to TipRanks, M. Profiti has an average return of 14.6% and a 53.15% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for NexGen Energy with a $11.61 average price target.

Based on NexGen Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$86.69 million. In comparison, last year the company had a net profit of C$13.2 million

Based on the recent corporate insider activity of 32 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.