NexGen Energy (NYSE:NXE) Receives Consensus Rating of “Moderate Buy” from Brokerages

NexGen Energy (NYSE:NXE) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company.

Several research firms have weighed in on NXE. Jefferies Financial Group initiated coverage on shares of NexGen Energy in a report on Thursday, September 3rd. They set a “buy” rating for the company. Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a research report on Friday, August 28th.

NexGen Energy Stock Performance

NXE opened at $9.36 on Monday. The firm has a market cap of $6.26 billion, a P/E ratio of -23.40 and a beta of 1.40. NexGen Energy has a twelve month low of $7.33 and a twelve month high of $13.96. The business has a 50 day moving average price of $9.96 and a 200 day moving average price of $10.82.

Institutional Investors Weigh In On NexGen Energy

Large investors have recently bought and sold shares of the stock. Leonteq Securities AG increased its position in NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after purchasing an additional 1,098 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of NexGen Energy by 12.8% in the 4th quarter. Swiss Life Asset Management Ltd now owns 27,656 shares of the company’s stock valued at $254,000 after purchasing an additional 3,128 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of NexGen Energy by 16.1% in the 4th quarter. Rathbones Group PLC now owns 33,131 shares of the company’s stock valued at $305,000 after purchasing an additional 4,591 shares during the last quarter. Themes Management Co LLC grew its stake in shares of NexGen Energy by 6.7% during the 1st quarter. Themes Management Co LLC now owns 76,340 shares of the company’s stock valued at $886,000 after buying an additional 4,788 shares during the period. Finally, Trifecta Capital Advisors LLC purchased a new stake in shares of NexGen Energy during the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

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.