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

Shares of NexGen Energy (NYSE:NXE) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company.

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

NexGen Energy Stock Performance

NexGen Energy stock opened at $8.90 on Friday. The firm’s fifty day moving average price is $8.79 and its 200-day moving average price is $7.76. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $9.99. The stock has a market cap of $5.83 billion, a P/E ratio of -21.71 and a beta of 1.54.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Sell-side analysts predict that NexGen Energy will post -0.05 earnings per share for the current year.

Institutional Trading of NexGen Energy

A number of institutional investors have recently bought and sold shares of NXE. Versant Capital Management Inc grew its stake in NexGen Energy by 287,500.0% in the 3rd quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock worth $26,000 after acquiring an additional 2,875 shares in the last quarter. CWM LLC purchased a new position in NexGen Energy in the 3rd quarter worth $41,000. Canton Hathaway LLC purchased a new stake in shares of NexGen Energy in the 2nd quarter valued at $57,000. Compound Planning Inc. purchased a new position in NexGen Energy during the first quarter valued at approximately $46,000. Finally, First Trust Advisors LP purchased a new stake in shares of NexGen Energy during the 3rd quarter worth about $94,000. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Company Profile

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.