NexGen Energy (NYSE:NXE) Given Average Rating of “Moderate Buy” by Analysts

Shares of NexGen Energy (NYSE:NXE) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities research analysts have recently commented on NXE shares. Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, October 10th. Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. Finally, Zacks Research raised NexGen Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th.

Institutional Investors Weigh In On NexGen Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXE. Cetera Investment Advisers boosted its position in shares of NexGen Energy by 1.4% in the second quarter. Cetera Investment Advisers now owns 128,690 shares of the company’s stock worth $893,000 after purchasing an additional 1,772 shares during the period. Tidal Investments LLC raised its position in shares of NexGen Energy by 6.9% during the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after purchasing an additional 1,817 shares during the period. Osaic Holdings Inc. lifted its stake in shares of NexGen Energy by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after buying an additional 1,904 shares in the last quarter. Sava Infond d.o.o. boosted its holdings in NexGen Energy by 14.3% in the 2nd quarter. Sava Infond d.o.o. now owns 16,000 shares of the company’s stock worth $111,000 after buying an additional 2,000 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in NexGen Energy by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock worth $374,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Up 0.9%

Shares of NYSE:NXE opened at $11.21 on Wednesday. The stock has a market capitalization of $7.39 billion, a PE ratio of -27.33 and a beta of 1.43. The firm’s 50 day moving average price is $9.11 and its 200-day moving average price is $8.26. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $11.38.

NexGen Energy (NYSE:NXE) last announced its earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.