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 report released on Sunday morning,Wall Street Zen reports.

NXE has been the subject of a number of other reports. JPMorgan Chase & Co. began coverage on shares of NexGen Energy in a research report on Monday, September 21st. They issued an “overweight” rating and a $14.00 price target for the company. Jefferies Financial Group began coverage on NexGen Energy in a research report on Thursday, September 3rd. They set a “buy” rating on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a research note on Friday, August 28th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

NexGen Energy Price Performance

NYSE NXE opened at $8.79 on Friday. NexGen Energy has a 12-month low of $7.33 and a 12-month high of $13.96. The firm has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $10.78.

Institutional Investors Weigh In On NexGen Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Leonteq Securities AG grew its stake in NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after buying an additional 1,098 shares in the last quarter. Guardian Partners Inc. raised its position in shares of NexGen Energy by 43.3% in the 3rd quarter. Guardian Partners Inc. now owns 4,300 shares of the company’s stock valued at $39,000 after buying an additional 1,300 shares in the last quarter. Trifecta Capital Advisors LLC acquired a new position in shares of NexGen Energy in the 2nd quarter valued at approximately $46,000. Integrated Wealth Concepts LLC bought a new stake in shares of NexGen Energy during the 2nd quarter worth approximately $62,000. Finally, Tcfg Wealth Management LLC bought a new stake in shares of NexGen Energy during the 1st quarter worth approximately $116,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Company Profile

NexGen Energy Ltd. is a Canadian uranium exploration and development company focused on advancing projects in the Athabasca Basin of Saskatchewan, Canada. The company’s primary asset is the 100%-owned Rook I property, which hosts the Arrow uranium deposit and other discoveries.

NexGen’s main objective is to develop Rook I into a large-scale uranium mining and processing operation. The company conducts exploration, resource evaluation, engineering, environmental assessment and project permitting activities, rather than currently selling uranium or operating a producing mine.