NexGen Energy Ltd. (NYSE:NXE - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $6.02, but opened at $6.27. NexGen Energy shares last traded at $6.35, with a volume of 2,739,909 shares.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on NXE shares. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Nicolaus started coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Strong Buy".
View Our Latest Research Report on NexGen Energy
NexGen Energy Price Performance
The company has a market cap of $3.65 billion, a price-to-earnings ratio of 42.74 and a beta of 1.54. The firm has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $6.10.
NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). Research analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.
Institutional Investors Weigh In On NexGen Energy
A number of institutional investors have recently modified their holdings of NXE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NexGen Energy by 13.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company's stock worth $3,166,000 after acquiring an additional 81,167 shares in the last quarter. Caxton Associates LLP purchased a new stake in NexGen Energy during the first quarter worth about $165,000. Goldman Sachs Group Inc. lifted its position in shares of NexGen Energy by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company's stock worth $13,412,000 after purchasing an additional 36,510 shares in the last quarter. PenderFund Capital Management Ltd. boosted its stake in shares of NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock valued at $52,000 after purchasing an additional 3,600 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of NexGen Energy by 7.3% in the first quarter. NewEdge Advisors LLC now owns 151,423 shares of the company's stock valued at $680,000 after purchasing an additional 10,266 shares during the period. 42.43% of the stock is owned by institutional investors and hedge funds.
NexGen Energy Company Profile
(
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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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