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

Shares of NexGen Energy (NYSE:NXE) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company.

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

Institutional Trading of NexGen Energy

Several large investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in NexGen Energy by 1.4% in the second quarter. Cetera Investment Advisers now owns 128,690 shares of the company’s stock valued at $893,000 after purchasing an additional 1,772 shares in the last quarter. Tidal Investments LLC boosted its position in shares of NexGen Energy by 6.9% during the second quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after buying an additional 1,817 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of NexGen Energy by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after purchasing an additional 1,904 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of NexGen Energy by 10.4% in the first quarter. Hsbc Holdings PLC now owns 20,675 shares of the company’s stock worth $93,000 after buying an additional 1,946 shares in the last quarter. Finally, Sava Infond d.o.o. increased its position in shares of NexGen Energy by 14.3% during the 2nd quarter. Sava Infond d.o.o. now owns 16,000 shares of the company’s stock valued at $111,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NXE stock opened at $8.62 on Friday. The company has a market capitalization of $5.64 billion, a PE ratio of -21.01 and a beta of 1.54. The company’s 50 day moving average price is $8.78 and its two-hundred day moving average price is $7.79. NexGen Energy has a one year low of $3.91 and a one year high of $9.99.

NexGen Energy (NYSE:NXE) last issued its 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, research analysts predict 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.