NexGen Energy (NYSE:NXE) Given Consensus Recommendation of “Moderate Buy” by Analysts

NexGen Energy (NYSE:NXE) has earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company.

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

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of NexGen Energy by 287,500.0% in the third quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock worth $26,000 after buying an additional 2,875 shares in the last quarter. CWM LLC bought a new stake in NexGen Energy in the 3rd quarter worth approximately $41,000. Canton Hathaway LLC purchased a new stake in shares of NexGen Energy during the 2nd quarter worth approximately $57,000. First Trust Advisors LP purchased a new stake in shares of NexGen Energy during the 3rd quarter worth approximately $94,000. Finally, Olympiad Research LP bought a new position in shares of NexGen Energy during the 2nd quarter valued at approximately $73,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

NXE opened at $10.73 on Wednesday. The firm has a market capitalization of $7.08 billion, a P/E ratio of -26.17 and a beta of 1.43. NexGen Energy has a one year low of $3.91 and a one year high of $11.33. The company has a fifty day moving average price of $9.02 and a 200-day moving average price of $8.20.

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

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.