NexGen Energy (NYSE:NXE) Upgraded at Stifel Canada

Stifel Canada upgraded shares of NexGen Energy (NYSE:NXE) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Several other brokerages have also recently weighed in on NXE. Stifel Nicolaus assumed coverage on NexGen Energy in a research note on Wednesday. They issued a “buy” rating on the stock. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Two research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

NexGen Energy Stock Performance

NXE opened at $4.70 on Tuesday. NexGen Energy has a 52-week low of $4.44 and a 52-week high of $8.96. The stock has a market capitalization of $2.67 billion, a PE ratio of 31.30 and a beta of 1.97. The stock’s 50 day moving average price is $6.18 and its 200-day moving average price is $6.78.

Institutional Trading of NexGen Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in shares of NexGen Energy by 284.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after purchasing an additional 3,700 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of NexGen Energy in the 4th quarter worth approximately $51,000. Mariner LLC purchased a new position in shares of NexGen Energy in the 4th quarter worth approximately $68,000. Larson Financial Group LLC boosted its holdings in shares of NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock worth $69,000 after purchasing an additional 5,827 shares during the period. Finally, Silver Lake Advisory LLC purchased a new position in shares of NexGen Energy in the 4th quarter worth approximately $73,000. 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.