TD Securities Raises Nexgen Energy Ltd (CVE:NXE) Price Target to C$4.75

Nexgen Energy Ltd (CVE:NXE) had its target price raised by investment analysts at TD Securities from C$4.50 to C$4.75 in a research note issued on Tuesday, August 1st. The firm currently has a “speculative buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 89.24% from the stock’s current price.

Shares of Nexgen Energy (CVE:NXE) opened at 2.73 on Tuesday. The company’s 50-day moving average price is $2.97 and its 200-day moving average price is $3.18. The firm’s market capitalization is $844.56 million. Nexgen Energy has a 52-week low of $1.42 and a 52-week high of $4.45.

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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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