NexGen Energy's (NXE) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• NexGen Energy's stock has a "sell (D)" rating reaffirmed by Weiss Ratings, while other analysts hold a more optimistic outlook with an average rating of "Moderate Buy".
• The company reported a loss of $0.10 per share for the quarter, missing the consensus estimate and projecting a full-year EPS of -0.05.
• Institutional investors have recently increased their stakes in NexGen Energy, with significant new positions taken by firms such as Canton Hathaway LLC and PenderFund Capital Management Ltd..

NexGen Energy (NYSE:NXE - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on the company. TD Securities restated a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins began coverage on NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NexGen Energy has an average rating of "Moderate Buy".

NexGen Energy Stock Performance

NXE stock traded up $0.13 during trading on Wednesday, hitting $8.89. 716,499 shares of the company traded hands, compared to its average volume of 9,162,600. The firm has a market capitalization of $5.11 billion, a PE ratio of -35.54 and a beta of 1.44. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $9.43. The company has a 50-day moving average of $7.78 and a 200-day moving average of $6.52.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Canton Hathaway LLC bought a new position in shares of NexGen Energy in the 2nd quarter worth approximately $57,000. Compound Planning Inc. bought a new position in shares of NexGen Energy in the 1st quarter worth approximately $46,000. Olympiad Research LP bought a new position in NexGen Energy during the 2nd quarter valued at approximately $73,000. Flow Traders U.S. LLC bought a new position in NexGen Energy during the 2nd quarter valued at approximately $76,000. Finally, PenderFund Capital Management Ltd. increased its position in NexGen Energy by 45.0% during the 1st quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock valued at $52,000 after buying an additional 3,600 shares in the last quarter. Institutional investors own 42.43% of the company's stock.

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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