NexGen Energy (NYSE:NXE) Receives Average Recommendation of “Moderate Buy” from Analysts

NexGen Energy (NYSE:NXE) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have recently commented on NXE. TD Securities reiterated a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. Desjardins began coverage on NexGen Energy in a research report on Tuesday, June 10th. They set a “buy” rating for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research report on Saturday, September 27th.

Institutional Trading of NexGen Energy

Several large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NexGen Energy by 38.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 623,857 shares of the company’s stock worth $4,117,000 after acquiring an additional 172,499 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of NexGen Energy by 3.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 134,655 shares of the company’s stock worth $888,000 after acquiring an additional 4,176 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in NexGen Energy by 15.5% in the fourth quarter. Mackenzie Financial Corp now owns 230,524 shares of the company’s stock worth $1,519,000 after purchasing an additional 31,002 shares in the last quarter. Accordant Advisory Group Inc boosted its holdings in NexGen Energy by 54.4% in the first quarter. Accordant Advisory Group Inc now owns 139,209 shares of the company’s stock worth $625,000 after purchasing an additional 49,074 shares in the last quarter. Finally, Rye Brook Capital LLC boosted its holdings in NexGen Energy by 3.1% in the first quarter. Rye Brook Capital LLC now owns 722,600 shares of the company’s stock worth $3,244,000 after purchasing an additional 21,600 shares in the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Price Performance

Shares of NXE stock opened at $8.73 on Monday. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $9.43. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of -34.90 and a beta of 1.44. The business has a 50 day simple moving average of $7.66 and a 200 day simple moving average of $6.46.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). On average, equities analysts anticipate that NexGen Energy will post -0.05 EPS for the current fiscal year.

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.