Cibc World Market Inc. bought a new stake in NexGen Energy (NYSE:NXE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 351,569 shares of the company's stock, valued at approximately $3,299,000. Cibc World Market Inc. owned approximately 0.05% of NexGen Energy at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Leonteq Securities AG boosted its holdings in NexGen Energy by 88.2% in the first quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock worth $28,000 after acquiring an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC bought a new stake in shares of NexGen Energy during the second quarter valued at approximately $46,000. SBI Securities Co. Ltd. increased its holdings in shares of NexGen Energy by 454.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company's stock valued at $73,000 after acquiring an additional 6,528 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of NexGen Energy during the second quarter worth approximately $76,000. Finally, Jump Financial LLC bought a new position in shares of NexGen Energy in the 4th quarter worth $93,000. 42.43% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently issued reports on NXE. Weiss Ratings reissued a "sell (d-)" rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of NexGen Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on NexGen Energy
NexGen Energy Stock Performance
NXE stock opened at $11.09 on Thursday. The business has a 50-day simple moving average of $9.83 and a two-hundred day simple moving average of $11.05. The company has a market capitalization of $7.42 billion, a P/E ratio of -27.72 and a beta of 1.40. NexGen Energy has a 52-week low of $7.17 and a 52-week high of $13.96.
NexGen Energy Profile
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Free Report)
NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.
The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.
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