NexGen Energy (NYSE:NXE) Stock Rating Upgraded by Wall Street Zen

NexGen Energy (NYSE:NXE) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

NXE has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

NexGen Energy Price Performance

NXE opened at $10.41 on Friday. The firm has a fifty day moving average price of $9.82 and a 200 day moving average price of $11.22. NexGen Energy has a 1 year low of $6.26 and a 1 year high of $13.96. The stock has a market cap of $6.97 billion, a P/E ratio of -26.04 and a beta of 1.40.

Institutional Trading of NexGen Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Leonteq Securities AG lifted its stake in NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after buying an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC acquired a new stake in NexGen Energy in the 2nd quarter worth about $46,000. SBI Securities Co. Ltd. increased its stake in NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after buying an additional 6,528 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in NexGen Energy during the 2nd quarter worth approximately $76,000. Finally, Jump Financial LLC acquired a new position in shares of NexGen Energy during the fourth quarter valued at approximately $93,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.