NexGen Energy $NXE Shares Bought by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. has increased its stake in NexGen Energy by 9.4%, acquiring an additional 227,951 shares during the first quarter.
• NexGen Energy reported a quarterly earnings miss with ($0.10) earnings per share, falling short of consensus expectations by ($0.08).
• Several analysts have given NexGen Energy a consensus rating of "Buy", with two ratings classified as "Strong Buy".

1832 Asset Management L.P. increased its stake in NexGen Energy (NYSE:NXE - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,651,294 shares of the company's stock after purchasing an additional 227,951 shares during the period. 1832 Asset Management L.P. owned 0.47% of NexGen Energy worth $11,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of NexGen Energy by 6.7% during the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock valued at $174,000 after purchasing an additional 1,656 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of NexGen Energy by 10.4% during the 1st quarter. Hsbc Holdings PLC now owns 20,675 shares of the company's stock valued at $93,000 after purchasing an additional 1,946 shares in the last quarter. Rathbones Group PLC increased its holdings in shares of NexGen Energy by 6.8% during the 1st quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock valued at $149,000 after purchasing an additional 2,100 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of NexGen Energy by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock valued at $690,000 after purchasing an additional 2,648 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of NexGen Energy by 1.3% during the 1st quarter. Mackenzie Financial Corp now owns 233,457 shares of the company's stock valued at $1,046,000 after purchasing an additional 2,933 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Price Performance

Shares of NXE traded up $0.46 during mid-day trading on Friday, reaching $7.90. The stock had a trading volume of 7,207,084 shares, compared to its average volume of 9,184,484. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96. The business's fifty day moving average is $6.86 and its 200 day moving average is $5.90. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of -31.56 and a beta of 1.45.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). As a group, sell-side analysts anticipate that NexGen Energy will post -0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Desjardins assumed coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating for the company. TD Securities reissued a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy".

NexGen Energy 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.