NexGen Energy Ltd. (NYSE:NXE - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $7.27, but opened at $7.57. NexGen Energy shares last traded at $7.49, with a volume of 742,778 shares trading hands.
Analysts Set New Price Targets
Several research firms recently weighed in on NXE. National Bank Financial raised NexGen Energy to a "strong-buy" rating in a research report on Tuesday, September 3rd. Ventum Cap Mkts raised NexGen Energy to a "strong-buy" rating in a research report on Monday, July 8th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Strong Buy" and a consensus target price of $11.00.
Get Our Latest Analysis on NexGen Energy
NexGen Energy Stock Up 10.5 %
The firm has a 50-day moving average of $6.16 and a two-hundred day moving average of $6.93. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of -793.00 and a beta of 1.91.
NexGen Energy (NYSE:NXE - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. During the same period last year, the business earned ($0.03) earnings per share. As a group, sell-side analysts predict that NexGen Energy Ltd. will post -0.09 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of NXE. Larson Financial Group LLC acquired a new position in NexGen Energy in the 2nd quarter worth about $33,000. Lodestone Wealth Management LLC acquired a new position in NexGen Energy in the 1st quarter worth about $91,000. Element Capital Management LLC acquired a new position in NexGen Energy in the 2nd quarter worth about $110,000. Legacy Capital Group California Inc. bought a new stake in shares of NexGen Energy during the 2nd quarter worth about $125,000. Finally, CapWealth Advisors LLC bought a new stake in shares of NexGen Energy during the 2nd quarter worth about $147,000. 42.43% of the stock is 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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