Weiss Ratings Reiterates “Sell (D)” Rating for NexGen Energy (NYSE:NXE)

NexGen Energy (NYSE:NXE)‘s stock had its “sell (d)” rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

NXE has been the subject of several other reports. Zacks Research raised NexGen Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. TD Securities reissued a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. Finally, Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NexGen Energy has an average rating of “Moderate Buy”.

NexGen Energy Trading Up 3.6%

NXE stock opened at $8.74 on Friday. The stock has a 50-day moving average price of $8.24 and a 200-day moving average price of $6.89. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $9.80. The firm has a market cap of $5.31 billion, a PE ratio of -34.94 and a beta of 1.44.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). On average, analysts forecast that NexGen Energy will post -0.05 earnings per share for the current year.

Institutional Trading of NexGen Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC bought a new stake in NexGen Energy in the 3rd quarter valued at about $41,000. Canton Hathaway LLC bought a new stake in NexGen Energy during the 2nd quarter worth approximately $57,000. Compound Planning Inc. bought a new stake in NexGen Energy during the 1st quarter worth approximately $46,000. Olympiad Research LP bought a new stake in NexGen Energy during the 2nd quarter worth approximately $73,000. Finally, Flow Traders U.S. LLC bought a new stake in NexGen Energy during the 2nd quarter worth approximately $76,000. 42.43% of the stock is owned by institutional investors.

NexGen Energy Company Profile

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.