Shares of NexGen Energy (NYSE:NXE – Get Free Report) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company.
NXE has been the topic of several research analyst reports. Jefferies Financial Group began coverage on shares of NexGen Energy in a research report on Thursday, September 3rd. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research report on Friday, August 28th. Finally, Wall Street Zen upgraded shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th.
Check Out Our Latest Report on NexGen Energy
Hedge Funds Weigh In On NexGen Energy
NexGen Energy Trading Down 0.9%
Shares of NexGen Energy stock opened at $9.38 on Monday. The company’s fifty day simple moving average is $9.97 and its 200-day simple moving average is $10.87. The company has a market cap of $6.27 billion, a price-to-earnings ratio of -23.44 and a beta of 1.40. NexGen Energy has a 1 year low of $7.33 and a 1 year high of $13.96.
About NexGen Energy
NexGen Energy Ltd. is a Canadian uranium exploration and development company focused on advancing mineral projects in the Athabasca Basin of Saskatchewan, Canada. The company’s primary asset is the Rook I project, which includes the Arrow uranium deposit and other prospective discoveries.
NexGen is working to develop Rook I into a large-scale uranium mining operation through exploration, resource evaluation, environmental studies, permitting and project planning. The company is not primarily a uranium producer; its activities are centered on discovering and advancing uranium resources for potential future development.
Founded in 2011, NexGen Energy is headquartered in Vancouver, British Columbia, and its operations are focused in Saskatchewan’s Athabasca Basin, one of the world’s major uranium-producing regions.
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