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

NexGen Energy (NYSE:NXE) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company.

A number of research firms recently commented on NXE. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $9.20 on Friday. NexGen Energy has a one year low of $6.26 and a one year high of $13.96. The business’s 50-day moving average price is $10.03 and its two-hundred day moving average price is $11.31. The company has a market capitalization of $6.15 billion, a P/E ratio of -18.77 and a beta of 1.39.

Institutional Investors Weigh In On NexGen Energy

A number of large investors have recently bought and sold shares of NXE. Leonteq Securities AG raised its holdings in NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after buying an additional 1,098 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of NexGen Energy by 454.3% during the 4th 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 position in shares of NexGen Energy during the 2nd quarter valued at about $76,000. Jump Financial LLC bought a new position in shares of NexGen Energy in the 4th quarter valued at approximately $93,000. Finally, First Trust Advisors LP acquired a new stake in NexGen Energy in the 3rd quarter worth approximately $94,000. 42.43% of the stock is currently owned by institutional investors.

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.