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

Shares of NexGen Energy (NYSE:NXE) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

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

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $8.90 on Friday. The stock has a 50 day moving average of $8.79 and a 200 day moving average of $7.76. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of -21.71 and a beta of 1.54. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $9.99.

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

Hedge Funds Weigh In On NexGen Energy

A number of institutional investors have recently made changes to their positions in NXE. Versant Capital Management Inc lifted its holdings in NexGen Energy by 287,500.0% in the 3rd quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock valued at $26,000 after purchasing an additional 2,875 shares in the last quarter. CWM LLC purchased a new stake in NexGen Energy during the third quarter worth approximately $41,000. Compound Planning Inc. acquired a new stake in NexGen Energy in the 1st quarter valued at $46,000. PenderFund Capital Management Ltd. lifted its position in NexGen Energy by 45.0% during the 1st quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock worth $52,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new position in NexGen Energy during the 1st quarter worth approximately $55,000. 42.43% of the stock is 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.