Banco BTG Pactual S.A. Buys Shares of 190,000 NexGen Energy $NXE

Key Points

• Banco BTG Pactual S.A. has acquired 190,000 shares of NexGen Energy (NYSE:NXE), valued at approximately $853,000, signaling institutional confidence in the company's prospects.
• ivvestment from other institutional investors is also notable, with MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increasing its stake by 1.5% and Vanguard Group Inc. increasing by 2.5% in the 1st quarter.
• NexGen Energy reported a quarterly earnings miss with a loss of $0.10 per share, falling short of the consensus estimate, and the stock has recently seen a decline of 6.8%.

Banco BTG Pactual S.A. purchased a new stake in shares of NexGen Energy (NYSE:NXE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 190,000 shares of the company's stock, valued at approximately $853,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of NexGen Energy by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock valued at $230,828,000 after purchasing an additional 501,952 shares during the last quarter. Vanguard Group Inc. increased its holdings in NexGen Energy by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company's stock worth $93,928,000 after acquiring an additional 520,279 shares in the last quarter. Alps Advisors Inc. increased its holdings in NexGen Energy by 8.3% in the 1st quarter. Alps Advisors Inc. now owns 17,045,672 shares of the company's stock worth $76,535,000 after acquiring an additional 1,299,255 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in NexGen Energy by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock worth $57,659,000 after acquiring an additional 82,413 shares in the last quarter. Finally, Packer & Co Ltd purchased a new stake in NexGen Energy in the 1st quarter worth approximately $13,581,000. Hedge funds and other institutional investors own 42.43% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Desjardins assumed coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They set a "buy" rating for the company. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

NexGen Energy Stock Down 6.8%

Shares of NXE opened at $6.5450 on Wednesday. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96. The company has a market cap of $3.74 billion, a PE ratio of -26.18 and a beta of 1.45. The business has a fifty day moving average of $6.83 and a 200 day moving average of $5.87.

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

About NexGen Energy

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.

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