Banco BTG Pactual S.A. Purchases New Stake in 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 position in shares of NexGen Energy (NYSE:NXE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 190,000 shares of the company's stock, valued at approximately $853,000.

Several other hedge funds have also recently added to or reduced their stakes in NXE. Packer & Co Ltd bought a new position in NexGen Energy during the 1st quarter worth approximately $13,581,000. Alps Advisors Inc. raised its holdings in NexGen Energy by 8.3% during the 1st quarter. Alps Advisors Inc. now owns 17,045,672 shares of the company's stock worth $76,535,000 after purchasing an additional 1,299,255 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in NexGen Energy during the 4th quarter worth approximately $7,831,000. Kapitalo Investimentos Ltda acquired a new stake in shares of NexGen Energy during the 1st quarter worth approximately $4,665,000. Finally, MMCAP International Inc. SPC grew its position in shares of NexGen Energy by 950.0% during the 1st quarter. MMCAP International Inc. SPC now owns 1,050,007 shares of the company's stock worth $4,715,000 after buying an additional 950,007 shares during the period. Institutional investors own 42.43% of the company's stock.

NexGen Energy Trading Up 0.7%

NYSE NXE traded up $0.0480 during mid-day trading on Monday, hitting $7.1480. The company's stock had a trading volume of 3,805,821 shares, compared to its average volume of 9,222,798. The company's 50 day simple moving average is $6.83 and its 200 day simple moving average is $5.87. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $8.96. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -28.66 and a beta of 1.45.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NXE. Desjardins began coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They set a "buy" rating on the stock. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Buy".

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.