NYSE:NXE - Get Free Report ) traded down 8.1% during mid-day trading on Wednesday . The stock traded as low as $8.00 and last traded at $8.04. 3,592,672 shares were traded during mid-day trading, a decline of 43% from the average session volume of 6,294,134 shares. The stock had previously closed at $8.75.
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Wall Street Analysts Forecast Growth Separately, Scotiabank assumed coverage on shares of NexGen Energy in a report on Monday, April 1st. They issued a "sector outperform" rating for the company.
Check Out Our Latest Report on NXE
NexGen Energy Price Performance The company has a 50-day moving average of $7.82 and a 200-day moving average of $7.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 11.00 and a current ratio of 11.00. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 383.69 and a beta of 1.90.
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). As a group, research analysts anticipate that NexGen Energy Ltd. will post -0.09 EPS for the current fiscal year.
Hedge Funds Weigh In On NexGen Energy Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in NexGen Energy by 36.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 72,175 shares of the company's stock valued at $431,000 after buying an additional 19,088 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in NexGen Energy by 45.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 113,690 shares of the company's stock valued at $684,000 after purchasing an additional 35,677 shares in the last quarter. Mackenzie Financial Corp increased its stake in NexGen Energy by 1.3% in the 3rd quarter. Mackenzie Financial Corp now owns 192,591 shares of the company's stock valued at $1,079,000 after buying an additional 2,550 shares during the last quarter. TD Asset Management Inc lifted its position in NexGen Energy by 96.5% during the 3rd quarter. TD Asset Management Inc now owns 2,196,263 shares of the company's stock worth $13,207,000 after buying an additional 1,078,443 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in NexGen Energy by 6.4% during the 3rd quarter. CIBC Asset Management Inc now owns 392,888 shares of the company's stock worth $2,359,000 after buying an additional 23,655 shares in the last quarter. Institutional investors own 42.43% of the company's stock.
NexGen Energy Company Profile (
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.
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