NexGen Energy (NYSE:NXE) Upgraded by Stifel Canada to "Strong-Buy" Rating

NexGen Energy (NYSE:NXE - Get Free Report) was upgraded by equities research analysts at Stifel Canada to a "strong-buy" rating in a report issued 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.

A number of other brokerages have also recently issued reports on NXE. Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday. They set a "buy" rating on the stock. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy has an average rating of "Strong Buy".

NexGen Energy Trading Down 0.1 %

Shares of NXE stock traded down $0.01 on Tuesday, hitting $4.69. 7,867,905 shares of the stock were exchanged, compared to its average volume of 6,324,906. The firm has a market capitalization of $2.67 billion, a PE ratio of 31.24 and a beta of 1.97. NexGen Energy has a one year low of $4.44 and a one year high of $8.96. The firm's 50 day moving average is $6.13 and its two-hundred day moving average is $6.77.

Institutional Investors Weigh In On NexGen Energy

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its stake in shares of NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock valued at $101,000 after purchasing an additional 1,500 shares during the period. Invesco Ltd. lifted its stake in shares of NexGen Energy by 6.7% in the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock valued at $174,000 after purchasing an additional 1,656 shares during the period. Cetera Investment Advisers lifted its stake in shares of NexGen Energy by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock valued at $690,000 after purchasing an additional 2,648 shares during the period. Investment Management Corp of Ontario lifted its stake in shares of NexGen Energy by 14.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company's stock valued at $164,000 after purchasing an additional 3,200 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock valued at $124,000 after purchasing an additional 3,473 shares during the period. 42.43% of the stock is currently owned by institutional investors.

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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.