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

Key Points

• NexGen Energy has received a consensus recommendation of "Buy" from six analysts, with four citing a buy rating and two a strong buy rating.
• The company reported a loss of ($0.10) earnings per share in its recent quarterly earnings, missing the consensus estimate by $0.08.
• NexGen Energy has a current market capitalization of $3.93 billion, with shares trading between a 1-year low of $3.91 and a high of $8.96.

Shares of NexGen Energy (NYSE:NXE - Get Free Report) have been given an average rating of "Buy" by the six analysts that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company.

Separately, Desjardins assumed coverage on NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating for the company.

NexGen Energy Price Performance

Shares of NXE stock opened at $6.88 on Friday. The stock has a market capitalization of $3.93 billion, a PE ratio of -27.52 and a beta of 1.45. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96. The business has a 50-day moving average of $6.76 and a 200 day moving average of $5.87.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Analysts anticipate that NexGen Energy will post -0.05 EPS for the current year.

Institutional Trading of NexGen Energy

Several institutional investors have recently added to or reduced their stakes in NXE. Invesco Ltd. lifted its position in NexGen Energy by 6.7% during the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company's stock valued at $174,000 after purchasing an additional 1,656 shares in the last quarter. Cetera Investment Advisers lifted its position in NexGen Energy by 1.4% during the second quarter. Cetera Investment Advisers now owns 128,690 shares of the company's stock valued at $893,000 after purchasing an additional 1,772 shares in the last quarter. Hsbc Holdings PLC lifted its position in NexGen Energy by 10.4% during the first 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. Sava Infond d.o.o. lifted its position in NexGen Energy by 14.3% during the second quarter. Sava Infond d.o.o. now owns 16,000 shares of the company's stock valued at $111,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Rathbones Group PLC raised its holdings in NexGen Energy by 6.8% during the first quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock valued at $149,000 after acquiring an additional 2,100 shares during the period. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

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.

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