NexGen Energy (NYSE:NXE) Earns Buy Rating from Analysts at Desjardins

Desjardins started coverage on shares of NexGen Energy (NYSE:NXE) in a research report report published on Tuesday, Marketbeat reports. The brokerage issued a buy rating on the stock. Desjardins also issued estimates for NexGen Energy’s FY2025 earnings at ($0.14) EPS, FY2026 earnings at ($0.20) EPS and FY2027 earnings at ($0.37) EPS.

A number of other research firms have also commented on NXE. Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Raymond James restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Finally, Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

NexGen Energy Stock Up 0.8%

NYSE NXE opened at $6.69 on Tuesday. The stock has a market cap of $3.81 billion, a P/E ratio of 44.60 and a beta of 1.54. The company’s 50-day simple moving average is $5.46 and its 200 day simple moving average is $6.03. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $8.96.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Research analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On NexGen Energy

A number of large investors have recently modified their holdings of NXE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NexGen Energy by 13.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock valued at $3,166,000 after buying an additional 81,167 shares during the period. Caxton Associates LLP acquired a new position in NexGen Energy in the first quarter valued at approximately $165,000. Goldman Sachs Group Inc. lifted its holdings in NexGen Energy by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock valued at $13,412,000 after buying an additional 36,510 shares during the period. PenderFund Capital Management Ltd. lifted its holdings in NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock valued at $52,000 after buying an additional 3,600 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in NexGen Energy by 7.3% in the first quarter. NewEdge Advisors LLC now owns 151,423 shares of the company’s stock valued at $680,000 after buying an additional 10,266 shares during the period. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Company Profile

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.