Desjardins Begins Coverage on NexGen Energy (NYSE:NXE)

Desjardins started coverage on shares of NexGen Energy (NYSE:NXE) in a research report report published on Tuesday morning, Marketbeat reports. The brokerage issued a buy rating on the stock. Desjardins also issued estimates for NexGen Energy’s FY2025 earnings at ($0.14) EPS, FY2026 earnings at ($0.20) EPS and FY2027 earnings at ($0.37) EPS.

Several other brokerages also recently commented on NXE. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Raymond James reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $6.69 on Tuesday. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $8.96. The company has a market capitalization of $3.81 billion, a PE ratio of 44.60 and a beta of 1.54. The company has a 50 day moving average price of $5.46 and a two-hundred day moving average price of $6.03.

NexGen Energy (NYSE:NXE) last issued its earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). On average, sell-side analysts forecast that NexGen Energy will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On NexGen Energy

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after acquiring an additional 3,700 shares in the last quarter. Compound Planning Inc. bought a new stake in shares of NexGen Energy during the first quarter worth $46,000. Altshuler Shaham Ltd bought a new position in NexGen Energy in the fourth quarter valued at $51,000. PenderFund Capital Management Ltd. grew its position in NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock valued at $52,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new position in NexGen Energy in the first quarter valued at $55,000. Institutional investors own 42.43% of the company’s stock.

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.