Raymond James analyst Brian MacArthur raised the firm’s price target on NexGen Energy (NXE) to C$13.50 from C$12.50 and keeps an Outperform rating on the shares. Gold and silver price forecasts have been raised for both the near and long term, reflecting strong year-to-date performance, ongoing economic and political uncertainty, and expectations of higher operating and incentive costs tied to increased reserve and resource pricing, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXE:
- NexGen Energy Upsizes Australian Equity Offering to AUD$600 Million
- NexGen Energy call volume above normal and directionally bullish
- NexGen Energy Upsizes Equity Offering to Fund Rook I Project
- NexGen Energy Launches Dual Equity Financing to Advance Rook I Project
- NexGen Energy price target raised to C$17 from C$16 at Stifel