NexGen Energy (NYSE:NXE) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts assign NexGen Energy a consensus rating of "Moderate Buy" from six firms, comprised of four buys, one hold and one sell.
• Shares opened at $12.66 with a 52‑week range of $4.39–$13.96; the company has a market cap of $8.37 billion, a negative P/E of -33.31, and it missed quarterly EPS at ($0.05) versus analysts' ($0.03) estimate.
• NexGen is a Canada‑based uranium exploration and development company advancing the flagship Rook I project and the high‑grade Arrow deposit in the Athabasca Basin.

NexGen Energy (NYSE:NXE - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company.

A number of equities research analysts have weighed in on the company. Raymond James Financial restated an "outperform" rating on shares of NexGen Energy in a research report on Wednesday, January 14th. Weiss Ratings restated a "sell (d)" rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Finally, UBS Group assumed coverage on NexGen Energy in a research report on Thursday, March 5th. They set a "buy" rating on the stock.

NexGen Energy Stock Performance

Shares of NXE stock opened at $12.66 on Friday. NexGen Energy has a 52-week low of $4.39 and a 52-week high of $13.96. The company has a market capitalization of $8.37 billion, a PE ratio of -33.31 and a beta of 1.44. The business's fifty day moving average is $11.94 and its 200 day moving average is $10.44.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). On average, sell-side analysts forecast that NexGen Energy will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On NexGen Energy

A number of large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of NexGen Energy by 287,500.0% in the third quarter. Versant Capital Management Inc now owns 2,876 shares of the company's stock worth $26,000 after purchasing an additional 2,875 shares during the last quarter. CWM LLC bought a new stake in shares of NexGen Energy in the third quarter worth about $41,000. SBI Securities Co. Ltd. grew its stake in shares of NexGen Energy by 454.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company's stock worth $73,000 after purchasing an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of NexGen Energy in the second quarter worth about $76,000. Finally, Jump Financial LLC bought a new stake in shares of NexGen Energy in the fourth quarter worth about $93,000. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Company Profile

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.

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