NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was down 4.7% during mid-day trading on Tuesday . The stock traded as low as $4.92 and last traded at $4.93. Approximately 3,898,543 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 9,683,332 shares. The stock had previously closed at $5.17.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Two analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".
Read Our Latest Analysis on NexGen Energy
NexGen Energy Stock Down 5.9 %
The firm has a market cap of $2.58 billion, a P/E ratio of 30.24 and a beta of 1.97. The firm's 50-day simple moving average is $5.72 and its 200 day simple moving average is $6.72.
Institutional Trading of NexGen Energy
Hedge funds have recently made changes to their positions in the company. PKO Investment Management Joint Stock Co bought a new position in NexGen Energy during the fourth quarter worth about $574,000. Mackenzie Financial Corp lifted its stake in NexGen Energy by 15.5% in the 4th quarter. Mackenzie Financial Corp now owns 230,524 shares of the company's stock worth $1,519,000 after purchasing an additional 31,002 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of 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 worth $888,000 after buying an additional 4,176 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NexGen Energy by 38.2% during the 4th 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 acquiring an additional 172,499 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in NexGen Energy by 100.3% in the 4th quarter. Tidal Investments LLC now owns 62,617 shares of the company's stock worth $413,000 after buying an additional 31,362 shares in the last quarter. 42.43% of the stock is currently 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 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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