NexGen Energy (NYSE:NXE) Now Covered by Scotiabank

Scotiabank initiated coverage on shares of NexGen Energy (NYSE:NXE - Free Report) in a research report report published on Monday, Marketbeat.com reports. The firm issued a sector outperform rating on the stock.

NexGen Energy Stock Up 8.5 %

Shares of NYSE NXE traded up $0.66 during mid-day trading on Monday, hitting $8.43. The company had a trading volume of 10,820,341 shares, compared to its average volume of 6,604,064. The company has a market capitalization of $4.55 billion, a PE ratio of 421.71 and a beta of 1.90. NexGen Energy has a one year low of $3.49 and a one year high of $8.45. The firm has a 50-day simple moving average of $7.50 and a two-hundred day simple moving average of $6.67. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.19.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). On average, equities analysts expect that NexGen Energy will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NXE. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of NexGen Energy by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company's stock worth $179,307,000 after purchasing an additional 1,744,062 shares during the last quarter. L1 Capital Pty Ltd lifted its holdings in NexGen Energy by 31.3% during the 3rd quarter. L1 Capital Pty Ltd now owns 21,816,773 shares of the company's stock worth $130,246,000 after buying an additional 5,195,210 shares in the last quarter. Alps Advisors Inc. boosted its position in NexGen Energy by 10.5% in the 3rd quarter. Alps Advisors Inc. now owns 12,319,817 shares of the company's stock valued at $73,549,000 after buying an additional 1,168,795 shares during the period. FMR LLC grew its stake in shares of NexGen Energy by 99,379.5% in the third quarter. FMR LLC now owns 11,674,918 shares of the company's stock worth $69,882,000 after acquiring an additional 11,663,182 shares in the last quarter. Finally, Segra Capital Management LLC grew its stake in shares of NexGen Energy by 5.8% in the second quarter. Segra Capital Management LLC now owns 11,429,008 shares of the company's stock worth $53,831,000 after acquiring an additional 630,525 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.