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

Shares of NexGen Energy (NYSE:NXE) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

NXE has been the subject of several recent analyst reports. Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research note on Wednesday, January 14th. Zacks Research upgraded shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd.

NexGen Energy Trading Down 5.6%

Shares of NXE stock opened at $12.56 on Friday. The firm has a fifty day moving average price of $10.20 and a 200 day moving average price of $8.76. The company has a market cap of $8.29 billion, a P/E ratio of -30.63 and a beta of 1.43. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $13.96.

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

Institutional Trading of NexGen Energy

A number of large investors have recently made changes to their positions in the company. New Harbor Financial Group LLC increased its position in NexGen Energy by 4.3% during the fourth quarter. New Harbor Financial Group LLC now owns 24,500 shares of the company’s stock worth $225,000 after buying an additional 1,000 shares during the period. Legacy Capital Group California Inc. grew its position in shares of NexGen Energy by 1.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 86,250 shares of the company’s stock worth $794,000 after acquiring an additional 1,093 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of NexGen Energy by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 128,690 shares of the company’s stock valued at $893,000 after acquiring an additional 1,772 shares during the period. Tidal Investments LLC raised its position in NexGen Energy by 6.9% in the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in NexGen Energy by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock worth $243,000 after purchasing an additional 1,904 shares during the period. 42.43% of the stock is owned by institutional investors and hedge funds.

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.