NexGen Energy (NYSE:NXE) Lifted to Strong-Buy at Ventum Cap Mkts

NexGen Energy (NYSE:NXEGet Free Report) was upgraded by equities research analysts at Ventum Cap Mkts to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2026 earnings at ($0.05) EPS and FY2027 earnings at ($0.10) EPS.

A number of other equities research analysts have also issued reports on NXE. Scotiabank started coverage on NexGen Energy in a research report on Monday, April 1st. They set a “sector outperform” rating on the stock. Haywood Securities upgraded NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th.

Get Our Latest Report on NXE

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at $6.87 on Monday. The business’s fifty day moving average price is $7.40 and its two-hundred day moving average price is $7.49. The company has a market capitalization of $3.85 billion, a P/E ratio of -685.81 and a beta of 1.93. NexGen Energy has a 1-year low of $4.43 and a 1-year high of $8.88.

NexGen Energy (NYSE:NXEGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). On average, research analysts expect that NexGen Energy will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC purchased a new position in shares of NexGen Energy during the fourth quarter valued at $63,000. Lodestone Wealth Management LLC purchased a new position in NexGen Energy in the first quarter valued at about $91,000. Spartan Fund Management Inc. purchased a new position in NexGen Energy in the fourth quarter valued at about $86,000. Southland Equity Partners LLC purchased a new position in NexGen Energy in the fourth quarter valued at about $123,000. Finally, Belpointe Asset Management LLC purchased a new position in NexGen Energy in the third quarter valued at about $132,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

About NexGen Energy

(Get Free Report)

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 100% interest in 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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