NexGen Energy (NYSE:NXE) Now Covered by Desjardins

Equities research analysts at Desjardins assumed coverage on shares of NexGen Energy (NYSE:NXE) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating on the stock.

A number of other equities research analysts have also recently commented on NXE. Raymond James reissued an “outperform” rating on shares of NexGen Energy in a research note on Friday, April 4th. Scotiabank reissued 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, March 12th. They issued a “buy” rating for the company. Finally, Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, NexGen Energy has an average rating of “Buy”.

NexGen Energy Trading Up 2.3%

NXE opened at $6.55 on Tuesday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 43.67 and a beta of 1.54. The stock has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $6.03. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96.

NexGen Energy (NYSE:NXE) last posted 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). On average, analysts predict that NexGen Energy will post -0.05 EPS for the current year.

Institutional Trading of NexGen Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of NexGen Energy by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares in the last quarter. Invesco Ltd. increased its stake in NexGen Energy by 6.7% during the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company’s stock worth $174,000 after acquiring an additional 1,656 shares during the last quarter. Hsbc Holdings PLC raised its position in NexGen Energy by 10.4% during the first quarter. Hsbc Holdings PLC now owns 20,675 shares of the company’s stock valued at $93,000 after purchasing an additional 1,946 shares during the period. Rathbones Group PLC raised its position in NexGen Energy by 6.8% during the first quarter. Rathbones Group PLC now owns 33,131 shares of the company’s stock valued at $149,000 after purchasing an additional 2,100 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of NexGen Energy by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company’s stock valued at $690,000 after purchasing an additional 2,648 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors.

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.