NexGen Energy (NYSE:NXE - Get Free Report) saw some unusual options trading on Tuesday. Stock investors bought 31,834 call options on the stock. This represents an increase of 257% compared to the typical volume of 8,919 call options.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on NXE shares. Desjardins began coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Raymond James Financial reiterated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Stifel Nicolaus began coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".
Check Out Our Latest Report on NXE
NexGen Energy Stock Performance
Shares of NYSE:NXE traded down $0.13 on Wednesday, reaching $6.46. The company's stock had a trading volume of 4,558,618 shares, compared to its average volume of 9,745,587. The company has a 50-day simple moving average of $6.21 and a 200 day simple moving average of $5.87. The company has a market cap of $3.69 billion, a P/E ratio of -40.37 and a beta of 1.55. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96.
NexGen Energy (NYSE:NXE - Get Free Report) last posted its 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). On average, equities research analysts forecast that NexGen Energy will post -0.05 EPS for the current fiscal year.
Institutional Trading of NexGen Energy
Several large investors have recently added to or reduced their stakes in NXE. Confluence Investment Management LLC acquired a new position in NexGen Energy during the second quarter worth $483,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NexGen Energy by 13.0% in the first 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 NexGen Energy in the first quarter valued at approximately $165,000. Goldman Sachs Group Inc. raised its holdings in NexGen Energy by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company's stock worth $13,412,000 after purchasing an additional 36,510 shares in the last quarter. Finally, PenderFund Capital Management Ltd. raised its holdings in NexGen Energy by 45.0% during the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock worth $52,000 after purchasing an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.
About NexGen Energy
(
Get Free Report)
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.
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