NexGen Energy Ltd. (NYSE:NXE - Get Free Report)'s share price shot up 3.9% during mid-day trading on Friday . The stock traded as high as $7.76 and last traded at $7.67. 2,350,210 shares were traded during mid-day trading, a decline of 59% from the average session volume of 5,696,898 shares. The stock had previously closed at $7.38.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of "Strong Buy" and an average target price of $11.00.
Read Our Latest Analysis on NexGen Energy
NexGen Energy Stock Performance
The company has a market cap of $4.20 billion, a price-to-earnings ratio of 48.80 and a beta of 1.90. The company's 50 day moving average price is $6.89 and its 200 day moving average price is $6.87.
NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). During the same quarter in the prior year, the company earned ($0.04) EPS. On average, equities research analysts forecast 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 bought and sold shares of the stock. Larson Financial Group LLC bought a new stake in NexGen Energy in the 2nd quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new stake in NexGen Energy during the third quarter valued at approximately $76,000. SevenBridge Financial Group LLC acquired a new stake in NexGen Energy during the third quarter valued at approximately $87,000. New Harbor Financial Group LLC grew its stake in shares of NexGen Energy by 20.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company's stock valued at $98,000 after purchasing an additional 2,500 shares during the period. Finally, Element Capital Management LLC bought a new position in shares of NexGen Energy during the 2nd quarter worth approximately $110,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.
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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