Stifel Canada Upgrades NexGen Energy (NYSE:NXE) to Strong-Buy

NexGen Energy (NYSE:NXE - Get Free Report) was upgraded by equities researchers at Stifel Canada to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for NexGen Energy's FY2025 earnings at ($0.11) EPS, FY2026 earnings at ($0.21) EPS, FY2027 earnings at ($0.23) EPS, FY2028 earnings at ($0.28) EPS and FY2029 earnings at ($0.13) EPS.

Several other research analysts also recently issued reports on NXE. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research report on Wednesday. They set a "buy" rating on the stock. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Two research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

NexGen Energy Stock Performance

NexGen Energy stock traded down $0.01 during midday trading on Tuesday, hitting $4.69. 7,867,905 shares of the company's stock were exchanged, compared to its average volume of 6,308,464. NexGen Energy has a 12-month low of $4.44 and a 12-month high of $8.96. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 31.24 and a beta of 1.97. The firm's 50 day simple moving average is $6.13 and its 200 day simple moving average is $6.77.

Remove Ads

Institutional Trading of NexGen Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after acquiring an additional 3,700 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of NexGen Energy in the fourth quarter valued at about $51,000. Mariner LLC acquired a new stake in shares of NexGen Energy in the fourth quarter valued at about $68,000. Larson Financial Group LLC lifted its stake in shares of NexGen Energy by 122.7% in the third quarter. Larson Financial Group LLC now owns 10,575 shares of the company's stock valued at $69,000 after purchasing an additional 5,827 shares during the period. Finally, Silver Lake Advisory LLC acquired a new stake in shares of NexGen Energy in the fourth quarter valued at about $73,000. Hedge funds and other institutional investors 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.