NexGen Energy (NYSEAMERICAN:NXE) Shares Gap Up to $4.59

NexGen Energy Ltd. (NYSEAMERICAN:NXE)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.59, but opened at $4.83. NexGen Energy shares last traded at $4.71, with a volume of 21,733 shares changing hands.

A number of research analysts have issued reports on NXE shares. Royal Bank of Canada downgraded shares of NexGen Energy from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective on the stock. in a research report on Wednesday, June 23rd. Raymond James boosted their target price on shares of NexGen Energy from C$7.50 to C$8.50 and gave the company an “outperform” rating in a report on Friday. TD Securities boosted their target price on shares of NexGen Energy from C$7.00 to C$10.00 and gave the company a “buy” rating in a report on Wednesday, September 15th. Finally, Zacks Investment Research cut shares of NexGen Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.96.

The company has a market capitalization of $2.24 billion, a PE ratio of -14.58 and a beta of 2.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 41.31 and a current ratio of 41.31.

NexGen Energy (NYSEAMERICAN:NXE) last issued its earnings results on Wednesday, August 11th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). On average, equities analysts expect that NexGen Energy Ltd. will post -0.17 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. L1 Capital Pty Ltd purchased a new stake in shares of NexGen Energy during the 2nd quarter valued at about $47,595,000. Royal Bank of Canada increased its position in shares of NexGen Energy by 1,260.3% during the 2nd quarter. Royal Bank of Canada now owns 4,122,365 shares of the company’s stock valued at $16,902,000 after purchasing an additional 3,819,322 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of NexGen Energy by 27,310.9% during the 1st quarter. Alliancebernstein L.P. now owns 3,261,900 shares of the company’s stock valued at $11,841,000 after purchasing an additional 3,250,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of NexGen Energy by 68.5% during the 1st quarter. Russell Investments Group Ltd. now owns 7,416,449 shares of the company’s stock valued at $26,729,000 after purchasing an additional 3,016,266 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of NexGen Energy by 164.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,511,271 shares of the company’s stock valued at $18,496,000 after purchasing an additional 2,807,033 shares during the last quarter. 18.24% of the stock is owned by institutional investors and hedge funds.

About NexGen Energy (NYSEAMERICAN:NXE)

NexGen Energy Ltd. engages in the acquisition, exploration, and development of uranium properties. Its uranium project portfolio includes Arrow, South Arrow, Harpoon, Rook I, IsoEnergy, and SW1 property. The company was founded by Leigh B. Curyer on March 8, 2011 and is headquartered in Vancouver, Canada.

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