NexGen Energy (NYSE:NXE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NexGen Energy (NYSE:NXE) from a strong sell rating to a sell rating in a research note published on Saturday morning.

NXE has been the subject of a number of other reports. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy has an average rating of “Hold”.

NexGen Energy Trading Down 1.4%

NYSE:NXE opened at $10.28 on Friday. The company has a 50-day moving average price of $9.80 and a 200-day moving average price of $11.21. NexGen Energy has a 12 month low of $6.26 and a 12 month high of $13.96. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of -25.70 and a beta of 1.40.

Institutional Trading of NexGen Energy

A number of hedge funds have recently modified their holdings of the business. Leonteq Securities AG increased its stake in shares of NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after acquiring an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC bought a new stake in NexGen Energy during the second quarter worth about $46,000. SBI Securities Co. Ltd. boosted its stake in NexGen Energy by 454.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after acquiring an additional 6,528 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in NexGen Energy in the second quarter worth about $76,000. Finally, Jump Financial LLC purchased a new stake in NexGen Energy in the fourth quarter worth about $93,000. Institutional investors own 42.43% of the company’s stock.

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.