A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of NexGen Energy from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Tuesday, March 8th. Raymond James lifted their price target on NexGen Energy from C$8.50 to C$9.00 in a report on Thursday, March 3rd. TD Securities dropped their price objective on NexGen Energy from C$10.00 to C$9.50 in a report on Friday, January 14th. Finally, Royal Bank of Canada raised NexGen Energy from a “sector perform” rating to an “outperform” rating in a report on Monday, April 11th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, NexGen Energy currently has an average rating of “Buy” and a consensus price target of $8.50.
NXE stock traded down $0.23 on Friday, reaching $5.14. 226,226 shares of the company were exchanged, compared to its average volume of 2,449,034. NexGen Energy has a 12 month low of $3.47 and a 12 month high of $6.56. The company has a current ratio of 26.00, a quick ratio of 26.00 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.46 billion, a P/E ratio of -24.48 and a beta of 1.89.
Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. acquired a new position in shares of NexGen Energy in the 2nd quarter valued at approximately $116,000. Commonwealth Equity Services LLC acquired a new position in shares of NexGen Energy in the 3rd quarter valued at approximately $52,000. Cambridge Investment Research Advisors Inc. grew its position in shares of NexGen Energy by 18.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,344 shares of the company’s stock valued at $148,000 after purchasing an additional 4,992 shares during the period. MinichMacGregor Wealth Management LLC acquired a new position in shares of NexGen Energy in the 3rd quarter valued at approximately $47,000. Finally, Affinity Wealth Management LLC grew its position in shares of NexGen Energy by 0.5% in the 3rd quarter. Affinity Wealth Management LLC now owns 522,949 shares of the company’s stock valued at $2,657,000 after purchasing an additional 2,458 shares during the period. 20.98% of the stock is owned by institutional investors.
About NexGen Energy (Get Rating)
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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