NexGen Energy (NYSE:NXE) Given Consensus Rating of "Buy" by Brokerages

Shares of NexGen Energy (NYSE:NXE - Get Free Report) have earned a consensus rating of "Buy" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company.

Several equities analysts have recently commented on the company. Desjardins started coverage on NexGen Energy in a research note on Tuesday, June 10th. They set a "buy" rating for the company. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Raymond James Financial reissued an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Finally, Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th.

NexGen Energy Trading Down 3.6%

NYSE:NXE traded down $0.25 on Friday, reaching $6.60. The stock had a trading volume of 14,002,153 shares, compared to its average volume of 7,500,743. The company has a 50-day moving average of $5.75 and a 200 day moving average of $5.95. The stock has a market cap of $3.76 billion, a P/E ratio of -41.22 and a beta of 1.54. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly 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). On average, equities analysts predict 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. Vontobel Holding Ltd. boosted its holdings in shares of NexGen Energy by 94.0% in the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company's stock valued at $375,000 after buying an additional 27,565 shares during the period. Matauro LLC acquired a new position in NexGen Energy in the fourth quarter valued at approximately $84,000. Olympiad Research LP bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $156,000. Bank of New York Mellon Corp grew its holdings in shares of NexGen Energy by 954.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company's stock valued at $12,385,000 after purchasing an additional 1,698,649 shares during the last quarter. Finally, Canton Hathaway LLC raised its position in shares of NexGen Energy by 72.4% during the 4th quarter. Canton Hathaway LLC now owns 29,300 shares of the company's stock worth $193,000 after purchasing an additional 12,300 shares during the period. Institutional investors own 42.43% of the company's stock.

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.