Weiss Ratings Reiterates "Sell (D)" Rating for NexGen Energy (NYSE:NXE)

Key Points

• Weiss Ratings has reiterated a "Sell (D)" rating for NexGen Energy (NYSE:NXE), indicating ongoing concerns about the company's performance.
• NexGen Energy's stock currently holds an average rating of "Moderate Buy," with various analysts issuing recommendations ranging from "Strong Buy" to "Sell."
• The company's stock is trading at $8.74, up 3.6%, and reported a loss of ($0.10) earnings per share, missing analysts' estimates for the quarter.

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

A number of other equities analysts have also commented on NXE. Raymond James Financial restated an "outperform" rating on shares of NexGen Energy in a research note on Friday, October 10th. TD Securities restated a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Finally, Zacks Research upgraded NexGen Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, NexGen Energy has an average rating of "Moderate Buy".

NexGen Energy Trading Up 3.6%

Shares of NYSE NXE opened at $8.74 on Friday. The firm has a market cap of $5.31 billion, a P/E ratio of -34.94 and a beta of 1.44. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $9.80. The business's 50 day moving average is $8.24 and its 200-day moving average is $6.89.

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

Institutional Investors Weigh In On NexGen Energy

Several hedge funds have recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in NexGen Energy by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 128,690 shares of the company's stock worth $893,000 after buying an additional 1,772 shares during the period. Tidal Investments LLC lifted its holdings in NexGen Energy by 6.9% during the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company's stock worth $194,000 after buying an additional 1,817 shares during the period. Osaic Holdings Inc. lifted its holdings in NexGen Energy by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company's stock worth $243,000 after buying an additional 1,904 shares during the period. Hsbc Holdings PLC lifted its holdings in NexGen Energy by 10.4% during the 1st quarter. Hsbc Holdings PLC now owns 20,675 shares of the company's stock worth $93,000 after buying an additional 1,946 shares during the period. Finally, Sava Infond d.o.o. lifted its holdings in NexGen Energy by 14.3% during the 2nd quarter. Sava Infond d.o.o. now owns 16,000 shares of the company's stock worth $111,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 42.43% of the company's stock.

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 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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