NexGen Energy (NYSE:NXE) Receives Consensus Rating of “Moderate Buy” from Analysts

NexGen Energy (NYSE:NXE) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts have recently weighed in on the stock. TD Securities reissued a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. Desjardins initiated coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They set a “buy” rating on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of NexGen Energy in a report on Saturday, September 27th.

NexGen Energy Stock Down 1.1%

NYSE:NXE opened at $8.73 on Monday. The firm has a market capitalization of $5.02 billion, a PE ratio of -34.90 and a beta of 1.44. The firm has a 50-day moving average price of $7.66 and a 200 day moving average price of $6.46. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $9.43.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). On average, research analysts expect that NexGen Energy will post -0.05 EPS for the current year.

Hedge Funds Weigh In On NexGen Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of NexGen Energy by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after buying an additional 1,904 shares in the last quarter. L1 Capital Pty Ltd raised its position in shares of NexGen Energy by 10.3% in the 2nd quarter. L1 Capital Pty Ltd now owns 33,816,063 shares of the company’s stock valued at $234,683,000 after buying an additional 3,171,558 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of NexGen Energy by 120.3% in the 2nd quarter. Nomura Holdings Inc. now owns 30,543 shares of the company’s stock valued at $212,000 after buying an additional 16,677 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of NexGen Energy by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock valued at $374,000 after buying an additional 2,100 shares in the last quarter. Finally, Ion Asset Management Ltd. acquired a new position in NexGen Energy during the 2nd quarter worth approximately $465,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Company Profile

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.