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

NexGen Energy Ltd. (NYSE:NXE) has received a consensus rating of “Strong Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company.

A number of research firms recently weighed in on NXE. Stifel Nicolaus initiated coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th.

Hedge Funds Weigh In On NexGen Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position 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 buying an additional 3,700 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in NexGen Energy during the 4th quarter valued at about $51,000. Mariner LLC acquired a new position in NexGen Energy during the fourth quarter worth about $68,000. Silver Lake Advisory LLC purchased a new stake in shares of NexGen Energy in the fourth quarter valued at about $73,000. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of NexGen Energy in the fourth quarter valued at approximately $79,000. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Trading Down 6.9 %

Shares of NXE opened at $4.18 on Monday. The stock’s 50 day moving average is $5.45 and its two-hundred day moving average is $6.68. NexGen Energy has a twelve month low of $3.90 and a twelve month high of $8.96. The firm has a market capitalization of $2.38 billion, a PE ratio of 27.87 and a beta of 2.02.

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.