NexGen Energy (NYSE:NXE) Receives Average Rating of "Buy" from Analysts

Key Points

• NexGen Energy has received an average rating of "Buy" from six analysts, with five recommending a buy and one a strong buy.
• Institutional investors have increased their stakes in NexGen Energy, with notable increases from L1 Capital and Vanguard Group.
• The company recently reported an EPS of ($0.10) for the last quarter, missing analysts' expectations of ($0.02) by a margin of $0.08.

NexGen Energy (NYSE:NXE - Get Free Report) has earned an average recommendation of "Buy" from the six analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities analysts recently commented on NXE shares. Desjardins assumed coverage on NexGen Energy in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. TD Securities restated a "buy" rating on shares of NexGen Energy in a research report on Friday, August 8th.

Institutional Trading of NexGen Energy

Large investors have recently bought and sold shares of the business. L1 Capital Pty Ltd lifted its stake in shares of NexGen Energy by 10.3% in the 2nd quarter. L1 Capital Pty Ltd now owns 33,816,063 shares of the company's stock valued at $234,683,000 after purchasing an additional 3,171,558 shares during the period. Vanguard Group Inc. lifted its stake in NexGen Energy by 2.5% in the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company's stock valued at $93,928,000 after buying an additional 520,279 shares during the period. Alps Advisors Inc. boosted its holdings in shares of NexGen Energy by 8.3% during the 1st quarter. Alps Advisors Inc. now owns 17,045,672 shares of the company's stock worth $76,535,000 after buying an additional 1,299,255 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of NexGen Energy by 18.0% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,219,454 shares of the company's stock worth $63,918,000 after buying an additional 1,407,000 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of NexGen Energy by 1.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 7,220,545 shares of the company's stock valued at $32,317,000 after acquiring an additional 98,128 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Stock Up 1.7%

Shares of NexGen Energy stock opened at $9.11 on Monday. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of -36.42 and a beta of 1.46. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $9.38. The company's fifty day moving average is $7.48 and its 200 day moving average is $6.32.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). As a group, equities analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

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.

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