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

Shares of NexGen Energy (NYSE:NXE) have earned a consensus rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company.

NXE has been the subject of several analyst reports. Desjardins initiated coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a “buy” rating for the company. Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXE. PNC Financial Services Group Inc. boosted its holdings in NexGen Energy by 284.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock valued at $33,000 after purchasing an additional 3,700 shares during the period. Compound Planning Inc. bought a new position in NexGen Energy in the 1st quarter valued at $46,000. Altshuler Shaham Ltd bought a new position in NexGen Energy in the 4th quarter valued at $51,000. PenderFund Capital Management Ltd. boosted its holdings in NexGen Energy by 45.0% in the 1st quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock valued at $52,000 after purchasing an additional 3,600 shares during the period. Finally, Ground Swell Capital LLC bought a new position in NexGen Energy in the 1st quarter valued at $55,000. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Up 0.1%

Shares of NXE stock opened at $6.94 on Wednesday. The company has a 50 day moving average of $6.43 and a 200-day moving average of $5.88. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96. The firm has a market cap of $3.96 billion, a P/E ratio of -43.37 and a beta of 1.55.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). As a group, equities analysts expect that NexGen Energy will post -0.05 EPS for the current year.

About NexGen Energy

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.