NexGen Energy Ltd. (NYSE:NXE) Given Consensus Recommendation of "Strong Buy" by Analysts

Shares of NexGen Energy Ltd. (NYSE:NXE - Get Free Report) have earned an average recommendation of "Strong Buy" from the six ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company.

A number of equities research analysts recently commented on the stock. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after buying an additional 3,700 shares during the period. Compound Planning Inc. acquired a new stake in NexGen Energy in the 1st quarter valued at about $46,000. Altshuler Shaham Ltd acquired a new stake in shares of NexGen Energy during the 4th quarter worth about $51,000. PenderFund Capital Management Ltd. boosted its stake in shares of 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 purchasing an additional 3,600 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of NexGen Energy during the 1st quarter worth about $55,000. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Price Performance

Shares of NXE stock traded down $0.02 on Tuesday, hitting $6.18. 11,987,613 shares of the stock traded hands, compared to its average volume of 7,153,537. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 41.20 and a beta of 1.50. The firm has a 50 day simple moving average of $5.12 and a two-hundred day simple moving average of $6.12. 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 released 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). Sell-side analysts forecast that NexGen Energy will post -0.05 EPS for the current year.

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.