NexGen Energy (NYSEAMERICAN:NXE) Shares Gap Up to $4.15

NexGen Energy Ltd. (NYSEAMERICAN:NXE)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.15, but opened at $4.34. NexGen Energy shares last traded at $4.22, with a volume of 15,492 shares traded.

NXE has been the subject of several research analyst reports. Canaccord Genuity decreased their target price on NexGen Energy from $6.75 to $6.50 and set a “buy” rating for the company in a research report on Friday, March 12th. Royal Bank of Canada lifted their target price on NexGen Energy from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Monday, March 1st. Zacks Investment Research downgraded NexGen Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, May 11th. Raymond James lifted their target price on NexGen Energy from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 23rd. Finally, TD Securities lifted their target price on NexGen Energy from $4.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, February 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $5.95.

The company has a debt-to-equity ratio of 1.07, a current ratio of 12.44 and a quick ratio of 12.44. The company’s fifty day moving average price is $2.31. The stock has a market cap of $1.98 billion, a PE ratio of -46.88 and a beta of 2.15.

NexGen Energy (NYSEAMERICAN:NXE) last released its quarterly earnings data on Friday, March 19th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). As a group, equities research analysts anticipate that NexGen Energy Ltd. will post -0.08 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. CIBC Asset Management Inc bought a new position in NexGen Energy in the first quarter worth about $908,000. TD Asset Management Inc. raised its holdings in NexGen Energy by 334.5% in the first quarter. TD Asset Management Inc. now owns 1,159,421 shares of the company’s stock worth $4,179,000 after purchasing an additional 892,583 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in NexGen Energy by 19.7% in the first quarter. UBS Asset Management Americas Inc. now owns 252,640 shares of the company’s stock worth $911,000 after purchasing an additional 41,500 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in NexGen Energy in the first quarter worth about $3,887,000. Finally, Credit Suisse AG raised its holdings in NexGen Energy by 96.3% in the first quarter. Credit Suisse AG now owns 503,987 shares of the company’s stock worth $1,829,000 after purchasing an additional 247,196 shares in the last quarter. Institutional investors and hedge funds own 13.96% of the company’s stock.

NexGen Energy Company Profile (NYSEAMERICAN:NXE)

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the Athabasca Basin, Saskatchewan.

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