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

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

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Finally, UBS Group assumed coverage on shares of NexGen Energy in a research report on Thursday, March 5th. They issued a “buy” rating on the stock.

NexGen Energy Price Performance

NYSE NXE opened at $9.25 on Friday. NexGen Energy has a 1-year low of $6.26 and a 1-year high of $13.96. The company has a market capitalization of $6.12 billion, a P/E ratio of -18.87 and a beta of 1.35. The business has a 50 day moving average price of $11.65 and a 200 day moving average price of $11.21.

Institutional Trading of NexGen Energy

Large investors have recently modified their holdings of the business. Leonteq Securities AG grew its position in shares of NexGen Energy by 88.2% in the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after purchasing an additional 1,098 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of NexGen Energy by 454.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after acquiring an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of NexGen Energy during the second quarter valued at $76,000. Jump Financial LLC acquired a new stake in shares of NexGen Energy during the fourth quarter valued at $93,000. Finally, First Trust Advisors LP acquired a new stake in shares of NexGen Energy during the third quarter valued at $94,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Company Profile

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.