NexGen Energy (NYSE:NXE) Now Covered by Stifel Nicolaus

Investment analysts at Stifel Nicolaus started coverage on shares of NexGen Energy (NYSE:NXE) in a report issued on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating on the stock.

Separately, Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Two analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy has a consensus rating of “Strong Buy”.

NexGen Energy Price Performance

NYSE NXE opened at $4.75 on Wednesday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 31.64 and a beta of 1.97. The business’s fifty day moving average is $6.27 and its 200-day moving average is $6.81. NexGen Energy has a one year low of $4.44 and a one year high of $8.96.

Institutional Investors Weigh In On NexGen Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its holdings in shares of NexGen Energy by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after acquiring an additional 1,500 shares during the period. Invesco Ltd. lifted its holdings in NexGen Energy by 6.7% during the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company’s stock worth $174,000 after purchasing an additional 1,656 shares in the last quarter. Cetera Investment Advisers boosted its stake in NexGen Energy by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company’s stock worth $690,000 after purchasing an additional 2,648 shares during the period. Investment Management Corp of Ontario grew its holdings in NexGen Energy by 14.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock valued at $164,000 after buying an additional 3,200 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of NexGen Energy by 22.8% during the fourth quarter. Hsbc Holdings PLC now owns 18,729 shares of the company’s stock valued at $124,000 after buying an additional 3,473 shares during the period. 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.