Shares of NexGen Energy Ltd (NXE) recently traded at $12.35, surpassing the average analyst 12-month target price of $12.02 as of the latest trading session. Analysts are now weighing their reactions, which may include downgrading the stock’s valuation or adjusting the target price upwards, depending on recent business developments.
There are 11 analyst targets contributing to the average, with predictions ranging from a low of $10.08 to a high of $14.60, and a standard deviation of $1.387. Currently, NexGen has 6 strong buy ratings, 5 buy ratings, and 1 hold rating, while no sell or strong sell ratings have been issued, resulting in an overall average rating of 1.58 on a scale where 1 is a strong buy and 5 is a strong sell.
