NexGen Energy (NYSE:NXE - Get Free Report) was upgraded by stock analysts at Stifel Canada to a "strong-buy" rating in a research 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.
NXE has been the subject of a number of other research reports. Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday. They set a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Two investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, NexGen Energy presently has a consensus rating of "Strong Buy".
Read Our Latest Research Report on NXE
NexGen Energy Stock Performance
NexGen Energy stock traded down $0.01 during mid-day trading on Tuesday, reaching $4.69. 7,867,905 shares of the company were exchanged, compared to its average volume of 6,308,464. The business has a fifty day moving average of $6.13 and a 200 day moving average of $6.78. The firm has a market cap of $2.67 billion, a P/E ratio of 31.24 and a beta of 1.97. NexGen Energy has a 12-month low of $4.44 and a 12-month high of $8.96.
Institutional Trading of NexGen Energy
Several hedge funds and other institutional investors have recently made changes to their positions in NXE. PNC Financial Services Group Inc. lifted its holdings in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after purchasing an additional 3,700 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of NexGen Energy during the 4th quarter valued at $51,000. Mariner LLC purchased a new stake in shares of NexGen Energy during the 4th quarter valued at $68,000. Larson Financial Group LLC increased its position in shares of NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company's stock valued at $69,000 after acquiring an additional 5,827 shares during the period. Finally, Silver Lake Advisory LLC acquired a new position in shares of NexGen Energy in the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 42.43% of the company's stock.
NexGen Energy Company Profile
(
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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