NexGen Energy (NYSE:NXE) Now Covered by Analysts at UBS Group

Key Points

• UBS Group initiated coverage of NexGen Energy (NYSE: NXE) and assigned the stock a buy rating.
• Analyst consensus is mixed but positive overall — one Strong Buy, five Buy, one Hold and one Sell — giving NXE an average rating of Moderate Buy.
• NexGen is a Canada-based uranium developer advancing the high‑grade Arrow deposit at its Rook I project; the stock recently traded near $12.54 (1‑year low $3.91 / high $13.96) with a market cap of about $8.28 billion and a negative P/E.

UBS Group began coverage on shares of NexGen Energy (NYSE:NXE - Get Free Report) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm set a "buy" rating on the stock.

NXE has been the subject of a number of other research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Raymond James Financial restated an "outperform" rating on shares of NexGen Energy in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

NexGen Energy Price Performance

Shares of NexGen Energy stock traded down $0.23 during midday trading on Thursday, hitting $12.54. The company had a trading volume of 3,519,948 shares, compared to its average volume of 9,034,949. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $13.96. The business's 50 day simple moving average is $11.64 and its two-hundred day simple moving average is $9.60. The stock has a market cap of $8.28 billion, a PE ratio of -30.58 and a beta of 1.41.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NXE. Versant Capital Management Inc lifted its stake in NexGen Energy by 287,500.0% during 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 period. CWM LLC bought a new position in shares of NexGen Energy during the 3rd quarter worth approximately $41,000. Olympiad Research LP acquired a new stake in NexGen Energy in the 2nd quarter valued at $73,000. SBI Securities Co. Ltd. boosted its stake in NexGen Energy by 454.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company's stock valued at $73,000 after buying an additional 6,528 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in NexGen Energy in the second quarter valued at $76,000. Institutional investors and hedge funds 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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