NexGen Energy (NYSE:NXE) Coverage Initiated at Scotiabank

Research analysts at Scotiabank initiated coverage on shares of NexGen Energy (NYSE:NXEGet Free Report) in a report issued on Monday, Marketbeat reports. The brokerage set a “sector outperform” rating on the stock.

NexGen Energy Stock Up 1.4 %

Shares of NXE opened at $8.55 on Monday. The business’s 50 day moving average is $7.52 and its 200 day moving average is $6.70. The company has a market capitalization of $4.61 billion, a PE ratio of 427.46 and a beta of 1.90. NexGen Energy has a 12-month low of $3.49 and a 12-month high of $8.55. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.19.

NexGen Energy (NYSE:NXEGet Free Report) last issued its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Research analysts expect that NexGen Energy will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of NexGen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in NexGen Energy in the 3rd quarter worth approximately $28,000. Canada Pension Plan Investment Board bought a new stake in NexGen Energy in the 1st quarter worth approximately $35,000. Advisor Group Holdings Inc. increased its stake in NexGen Energy by 56.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,498 shares of the company’s stock worth $42,000 after acquiring an additional 2,700 shares during the last quarter. Canton Hathaway LLC bought a new stake in NexGen Energy in the 3rd quarter worth approximately $44,000. Finally, Toroso Investments LLC bought a new stake in NexGen Energy in the 4th quarter worth approximately $48,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Company Profile

(Get Free Report)

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

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