Wall Street Zen downgraded NexGen Energy (NYSE:NXE) from a sell to a strong sell rating on Saturday. This move contrasts with the broader analyst consensus of a Moderate Buy. The average price target for the company remains $14.00.
NexGen shares opened at $8.37 following the report. This price represents a 2.3% decline. The stock is currently trading below its 50-day moving average of $9.82. It also remains below its 200-day moving average of $10.41.
The company continues to advance its Rook I uranium project. This development is located in the Athabasca Basin of Saskatchewan.