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

NexGen Energy Ltd. (NYSE:NXE) has been assigned an average recommendation of “Strong Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company.

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

NexGen Energy Stock Up 2.6 %

Shares of NXE opened at $4.95 on Thursday. The business’s 50-day moving average price is $5.99 and its 200-day moving average price is $6.75. NexGen Energy has a twelve month low of $4.44 and a twelve month high of $8.96. The stock has a market cap of $2.81 billion, a PE ratio of 32.97 and a beta of 1.97.

Hedge Funds Weigh In On NexGen Energy

Institutional investors have recently made changes to their positions in the stock. PKO Investment Management Joint Stock Co bought a new stake in shares of NexGen Energy during the 4th quarter worth $574,000. Mackenzie Financial Corp lifted its stake in NexGen Energy by 15.5% during the fourth quarter. Mackenzie Financial Corp now owns 230,524 shares of the company’s stock worth $1,519,000 after purchasing an additional 31,002 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of NexGen Energy by 3.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 134,655 shares of the company’s stock worth $888,000 after purchasing an additional 4,176 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NexGen Energy by 38.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 623,857 shares of the company’s stock valued at $4,117,000 after purchasing an additional 172,499 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of NexGen Energy by 100.3% during the 4th quarter. Tidal Investments LLC now owns 62,617 shares of the company’s stock valued at $413,000 after purchasing an additional 31,362 shares during the last quarter. 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.