NexGen Energy Ltd. (NYSE:NXE) Given Average Rating of “Strong Buy” by Analysts

Shares of NexGen Energy Ltd. (NYSE:NXE) have earned an average rating of “Strong Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company.

Several brokerages have recently weighed in on NXE. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating for the company.

NexGen Energy Trading Up 2.7 %

NXE stock opened at $4.82 on Thursday. NexGen Energy has a 12-month low of $4.44 and a 12-month high of $8.96. The stock has a 50-day moving average price of $6.07 and a two-hundred day moving average price of $6.77. The company has a market cap of $2.74 billion, a PE ratio of 32.10 and a beta of 1.97.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NXE. PNC Financial Services Group Inc. raised its stake in 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 acquiring an additional 3,700 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of NexGen Energy during the 4th quarter valued at $51,000. Mariner LLC acquired a new position in shares of NexGen Energy during the 4th quarter valued at $68,000. Larson Financial Group LLC grew its holdings 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 worth $69,000 after acquiring an additional 5,827 shares during the last quarter. Finally, Silver Lake Advisory LLC acquired a new position in shares of NexGen Energy in the 4th quarter worth $73,000. Institutional investors own 42.43% of the company’s stock.

About NexGen Energy

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.