NexGen Energy (NYSE:NXE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• NexGen Energy has received a consensus rating of "Moderate Buy" from eight analysts, with varying recommendations including one sell, one hold, five buys, and one strong buy.
• Despite a recent EPS report of ($0.10), missing estimates, analysts project an EPS of (-0.05) for the current year.
• Institutional investors hold about 42.43% of NexGen Energy's stock, with several firms recently increasing their stakes in the company.

NexGen Energy (NYSE:NXE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts recently issued reports on NXE shares. Weiss Ratings reissued a "sell (d)" rating on shares of NexGen Energy in a research note on Wednesday, October 8th. Raymond James Financial reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, October 10th. TD Securities reissued a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Finally, Zacks Research raised NexGen Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th.

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC bought a new stake in NexGen Energy during the third quarter worth about $41,000. Compound Planning Inc. bought a new stake in NexGen Energy during the first quarter worth about $46,000. PenderFund Capital Management Ltd. lifted its stake in NexGen Energy by 45.0% during the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock worth $52,000 after purchasing an additional 3,600 shares during the last quarter. Ground Swell Capital LLC bought a new stake in NexGen Energy during the first quarter worth about $55,000. Finally, Canton Hathaway LLC bought a new stake in NexGen Energy during the second quarter worth about $57,000. Institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Performance

Shares of NYSE NXE opened at $8.42 on Friday. The stock has a market cap of $5.12 billion, a PE ratio of -33.66 and a beta of 1.44. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $9.80. The stock has a fifty day moving average of $8.20 and a 200-day moving average of $6.83.

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