NexGen Energy Ltd. (NYSE:NXE) Receives Consensus Rating of "Strong Buy" from Brokerages

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) has received a consensus rating of "Strong Buy" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company.

NXE has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research report on Wednesday. They issued a "buy" rating on the stock. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday. Finally, Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th.

Hedge Funds Weigh In On NexGen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NexGen Energy by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock worth $230,828,000 after purchasing an additional 501,952 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of NexGen Energy by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company's stock valued at $134,779,000 after acquiring an additional 298,106 shares in the last quarter. Segra Capital Management LLC grew its holdings in shares of NexGen Energy by 19.8% during the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock valued at $76,217,000 after acquiring an additional 1,931,200 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of NexGen Energy by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock valued at $57,659,000 after acquiring an additional 82,413 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock valued at $55,971,000 after acquiring an additional 3,762,756 shares in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

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NexGen Energy Stock Down 0.1 %

NexGen Energy stock traded down $0.01 during mid-day trading on Thursday, hitting $4.69. The company's stock had a trading volume of 7,867,905 shares, compared to its average volume of 6,324,906. The stock has a market capitalization of $2.67 billion, a P/E ratio of 31.24 and a beta of 1.97. NexGen Energy has a twelve month low of $4.44 and a twelve month high of $8.96. The stock's fifty day moving average price is $6.13 and its two-hundred day moving average price is $6.77.

About NexGen Energy

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.