NexGen Energy (NYSE:NXE) Given Average Rating of "Buy" by Analysts

Shares of NexGen Energy (NYSE:NXE - Get Free Report) have received an average rating of "Buy" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company.

NXE has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Desjardins initiated coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They issued a "buy" rating for the company.

NexGen Energy Price Performance

Shares of NXE traded up $0.01 during mid-day trading on Wednesday, reaching $6.94. The stock had a trading volume of 8,212,206 shares, compared to its average volume of 7,873,420. The business's fifty day moving average is $6.43 and its 200 day moving average is $5.88. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of -43.37 and a beta of 1.55.

NexGen Energy (NYSE:NXE - Get Free Report) last announced 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). As a group, sell-side analysts anticipate that NexGen Energy will post -0.05 EPS for the current fiscal year.

Institutional Trading of NexGen Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in NexGen Energy by 6.7% in the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after buying an additional 1,656 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of NexGen Energy by 10.4% during the 1st quarter. Hsbc Holdings PLC now owns 20,675 shares of the company's stock valued at $93,000 after purchasing an additional 1,946 shares in the last quarter. Rathbones Group PLC raised its holdings in shares of NexGen Energy by 6.8% during the 1st quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock valued at $149,000 after purchasing an additional 2,100 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of NexGen Energy by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock valued at $690,000 after purchasing an additional 2,648 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of NexGen Energy by 1.3% during the 1st quarter. Mackenzie Financial Corp now owns 233,457 shares of the company's stock valued at $1,046,000 after purchasing an additional 2,933 shares in the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

About NexGen Energy

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.