NexGen Energy (NYSE:NXE) Now Covered by Analysts at Desjardins

Desjardins initiated coverage on shares of NexGen Energy (NYSE:NXE - Free Report) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating on the stock. Desjardins also issued estimates for NexGen Energy's FY2025 earnings at ($0.14) EPS, FY2026 earnings at ($0.20) EPS and FY2027 earnings at ($0.37) EPS.

A number of other research analysts have also weighed in on NXE. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus assumed coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating for the company. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

NexGen Energy Trading Down 1.0%

Shares of NXE traded down $0.07 during midday trading on Tuesday, reaching $6.63. The stock had a trading volume of 9,205,119 shares, compared to its average volume of 7,335,837. The firm has a market cap of $3.77 billion, a PE ratio of 44.17 and a beta of 1.54. The firm has a 50 day simple moving average of $5.51 and a 200-day simple moving average of $6.01. NexGen Energy has a one year low of $3.91 and a one year high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). As a group, research analysts forecast that NexGen Energy will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On NexGen Energy

Large investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in NexGen Energy by 13.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company's stock valued at $3,166,000 after purchasing an additional 81,167 shares during the period. Caxton Associates LLP acquired a new stake in shares of NexGen Energy during the first quarter worth $165,000. Goldman Sachs Group Inc. boosted its position in shares of NexGen Energy by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company's stock valued at $13,412,000 after acquiring an additional 36,510 shares during the period. PenderFund Capital Management Ltd. boosted its position in shares of NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock valued at $52,000 after acquiring an additional 3,600 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of NexGen Energy by 7.3% in the first quarter. NewEdge Advisors LLC now owns 151,423 shares of the company's stock valued at $680,000 after acquiring an additional 10,266 shares in the last quarter. Institutional investors own 42.43% of the company's stock.

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.