NexGen Energy Ltd. (NYSE:NXE - Get Free Report)'s share price was up 5.9% during mid-day trading on Friday . The company traded as high as $8.08 and last traded at $8.06. Approximately 2,396,891 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 6,572,487 shares. The stock had previously closed at $7.61.
Analyst Upgrades and Downgrades
Separately, Scotiabank initiated coverage on shares of NexGen Energy in a report on Monday, April 1st. They issued a "sector outperform" rating for the company.
View Our Latest Research Report on NexGen Energy
NexGen Energy Trading Up 4.9 %
The business has a 50-day moving average of $7.82 and a two-hundred day moving average of $7.26. The firm has a market cap of $4.31 billion, a P/E ratio of -805.19 and a beta of 1.90.
NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). As a group, equities analysts expect that NexGen Energy Ltd. will post -0.15 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Violich Capital Management Inc. boosted its position in NexGen Energy by 1.3% during the first quarter. Violich Capital Management Inc. now owns 109,400 shares of the company's stock valued at $850,000 after acquiring an additional 1,400 shares during the last quarter. HTLF Bank grew its stake in NexGen Energy by 1.6% during the first quarter. HTLF Bank now owns 126,426 shares of the company's stock worth $982,000 after purchasing an additional 2,000 shares during the period. Triasima Portfolio Management inc. lifted its stake in NexGen Energy by 1.5% in the fourth quarter. Triasima Portfolio Management inc. now owns 248,783 shares of the company's stock valued at $1,744,000 after buying an additional 3,601 shares during the period. Southland Equity Partners LLC grew its position in shares of NexGen Energy by 22.0% during the 1st quarter. Southland Equity Partners LLC now owns 21,327 shares of the company's stock worth $166,000 after buying an additional 3,840 shares during the period. Finally, Avalon Capital Management increased its stake in shares of NexGen Energy by 8.3% in the 1st quarter. Avalon Capital Management now owns 54,671 shares of the company's stock valued at $425,000 after acquiring an additional 4,173 shares in the last quarter. 42.43% of the stock is owned by institutional investors.
About NexGen Energy
(
Get Free Report)
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.
See Also
Before you consider NexGen Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexGen Energy wasn't on the list.
While NexGen Energy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
