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

Shares of NexGen Energy Ltd. (NYSE:NXE) have been given an average recommendation of “Strong Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company.

A number of research firms recently weighed in on NXE. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Nicolaus started coverage on shares of NexGen Energy in a report on Wednesday. They issued a “buy” rating on the stock. Finally, Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday.

Institutional Investors Weigh In On NexGen Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of NXE. Old West Investment Management LLC increased its holdings in shares of NexGen Energy by 61.4% in the 3rd quarter. Old West Investment Management LLC now owns 1,143,028 shares of the company’s stock valued at $7,464,000 after purchasing an additional 434,670 shares in the last quarter. CIBC Asset Management Inc grew its position in NexGen Energy by 13.4% during the third quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock worth $6,043,000 after buying an additional 109,754 shares during the period. Natixis Advisors LLC lifted its position in shares of NexGen Energy by 39.2% during the 3rd quarter. Natixis Advisors LLC now owns 57,820 shares of the company’s stock valued at $378,000 after acquiring an additional 16,296 shares during the period. Swiss National Bank boosted its stake in shares of NexGen Energy by 3.3% during the 3rd quarter. Swiss National Bank now owns 1,048,900 shares of the company’s stock worth $6,851,000 after acquiring an additional 33,500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of NexGen Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 998,450 shares of the company’s stock worth $6,519,000 after acquiring an additional 19,718 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Trading Up 1.4 %

Shares of NXE stock opened at $4.81 on Thursday. The company has a market capitalization of $2.73 billion, a P/E ratio of 32.04 and a beta of 1.97. The business’s 50 day moving average is $6.23 and its two-hundred day moving average is $6.79. NexGen Energy has a twelve month low of $4.44 and a twelve month high of $8.96.

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.