NexGen Energy Ltd. (NYSE:NXE) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of NexGen Energy Ltd. (NYSE:NXE) have earned a consensus recommendation of “Strong Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company.

Several research analysts have weighed in on NXE shares. Stifel Nicolaus began coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th.

Institutional Trading of NexGen Energy

A number of institutional investors have recently bought and sold shares of NXE. PKO Investment Management Joint Stock Co acquired a new position in shares of NexGen Energy in the fourth quarter worth $574,000. Mackenzie Financial Corp increased its stake in NexGen Energy by 15.5% in the fourth quarter. Mackenzie Financial Corp now owns 230,524 shares of the company’s stock valued at $1,519,000 after purchasing an additional 31,002 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in NexGen Energy by 3.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 134,655 shares of the company’s stock valued at $888,000 after purchasing an additional 4,176 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NexGen Energy by 38.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 623,857 shares of the company’s stock valued at $4,117,000 after purchasing an additional 172,499 shares during the last quarter. Finally, Tidal Investments LLC grew its position in NexGen Energy by 100.3% during the fourth quarter. Tidal Investments LLC now owns 62,617 shares of the company’s stock valued at $413,000 after acquiring an additional 31,362 shares during the period. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 2.7 %

Shares of NXE stock opened at $4.82 on Thursday. The business’s 50 day moving average is $6.07 and its two-hundred day moving average is $6.77. NexGen Energy has a twelve month low of $4.44 and a twelve month high of $8.96. The company has a market capitalization of $2.74 billion, a P/E ratio of 32.10 and a beta of 1.97.

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.