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

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

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th.

NexGen Energy Price Performance

NXE stock opened at $9.14 on Friday. The company has a market cap of $6.12 billion, a P/E ratio of -18.66 and a beta of 1.39. NexGen Energy has a 1 year low of $6.26 and a 1 year high of $13.96. The stock’s fifty day moving average price is $10.09 and its 200-day moving average price is $11.33.

Institutional Trading of NexGen Energy

Several large investors have recently added to or reduced their stakes in NXE. New Harbor Financial Group LLC increased its stake in NexGen Energy by 4.3% in the fourth quarter. New Harbor Financial Group LLC now owns 24,500 shares of the company’s stock worth $225,000 after purchasing an additional 1,000 shares during the period. Legacy Capital Group California Inc. grew its holdings in NexGen Energy by 1.3% in the fourth quarter. Legacy Capital Group California Inc. now owns 86,250 shares of the company’s stock worth $794,000 after purchasing an additional 1,093 shares during the last quarter. Leonteq Securities AG increased its position in NexGen Energy by 88.2% during the 1st 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. Tidal Investments LLC increased its position in shares of NexGen Energy by 6.9% in the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after acquiring an additional 1,817 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of NexGen Energy by 5.7% in the second quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock worth $243,000 after purchasing an additional 1,904 shares during the last quarter. 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.