NexGen Energy Ltd. (AMEX: NXE) – Suitable For Long Term Buy?

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GLBE Stock

With over 1.17 million NexGen Energy Ltd. (NXE) shares trading Tuesday and a closing price of $1.91 on the day, the dollar volume was approximately $2.23 million. The shares have shown a positive weekly performance of 8.52% and its price on 09/01/20 lost nearly -3.29%. Currently, there are 372.21M common shares owned by the public and among those 337.62M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for NXE have a consensus price objective of $3.75. The analysts have set the share’s price value over the next 12 months at a high of $4.25 and a low of $3.25 should the stock experience a downside. But an upside of 55.06% will see the stock hit the forecast high price target while mean target price for the stock is $3.75.

The top 3 mutual fund holders in NexGen Energy Ltd. are Kopernik Global All Cap Fund, Heptagon Fund Plc – Kopernik Glob, and Global X Uranium ETF. Kopernik Global All Cap Fund owns 7.61 million shares of the company’s stock, all valued at over $13.63 million. Global X Uranium ETF bought 57580.0 shares to bring its total holdings to over 3.99 million shares at a value of $7.14 million. Global X Uranium ETF now owns shares totaling to 1.11% of the shares outstanding.

Shares of NexGen Energy Ltd. (AMEX: NXE) opened at $1.98, unchanged from a prior closing price of $1.98. However, the script later closed the day at $1.91, down -3.29%. The company’s stock has a 5-day price change of 8.52% and 36.43% over the past three months. NXE shares are trading 49.22% year to date (YTD), with the 12-month market performance up to 52.80% higher. It has a 12-month low price of $0.50 and touched a high of $2.00 over the same period. Currently, 1.17 million shares have been traded, compared to an average intraday trading volume of 595.83K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.01%, 18.30%, and 50.53% respectively.

Institutional ownership of NexGen Energy Ltd. (AMEX: NXE) shares accounts for 22.93% of the company’s 372.21M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $710.92M. The earnings-per-share (ttm) stands at -$0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.61% over the week and 6.78% over the month.

Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”


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