NexGen Energy (NYSE:NXE) Cut to “Strong Sell” at Wall Street Zen

Posted by Stanley Muller on Oct 20th, 2026

Wall Street Zen downgraded shares of NexGen Energy (NYSE:NXE – Free Report) from a sell rating to a strong sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group started coverage on shares of NexGen Energy in a report on Thursday, September 3rd. They set 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, JPMorgan Chase & Co. began coverage on shares of NexGen Energy in a research note on Monday, September 21st. They issued an “overweight” rating and a $14.00 price target for the company. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Check Out Our Latest Analysis on NXE

NexGen Energy Stock Up 1.6%

Shares of NXE stock opened at $8.50 on Friday. The business’s fifty day moving average is $9.78 and its 200 day moving average is $10.39. NexGen Energy has a twelve month low of $7.33 and a twelve month high of $13.96.

Institutional Trading of NexGen Energy

A number of hedge funds have recently made changes to their positions in the stock. Amundi raised its stake in NexGen Energy by 45.0% during the second quarter. Amundi now owns 3,020,476 shares of the company’s stock valued at $28,362,000 after buying an additional 936,908 shares during the last quarter. Wellington Management Group LLP bought a new stake in NexGen Energy in the second quarter worth $4,507,000. Janus Henderson Group PLC boosted its holdings in NexGen Energy by 107.0% in the first quarter. Janus Henderson Group PLC now owns 799,183 shares of the company’s stock worth $9,248,000 after acquiring an additional 413,061 shares in the last quarter. Ninepoint Partners LP bought a new stake in NexGen Energy in the second quarter worth $3,333,000. Finally, Bank of America Corp DE bought a new stake in NexGen Energy in the second quarter worth $13,674,000. 42.43% of the stock is owned by institutional investors.

NexGen Energy Company Profile

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NexGen Energy Ltd. is a Canadian uranium exploration and development company focused on advancing projects in the Athabasca Basin of Saskatchewan, Canada. The company’s primary asset is the 100%-owned Rook I property, which hosts the Arrow uranium deposit and other discoveries.

NexGen’s main objective is to develop Rook I into a large-scale uranium mining and processing operation. The company conducts exploration, resource evaluation, engineering, environmental assessment and project permitting activities, rather than currently selling uranium or operating a producing mine.