Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of NexGen Energy (NYSE:NXE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 777,480 shares of the company's stock, valued at approximately $7,300,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of NexGen Energy at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of NXE. Leonteq Securities AG raised its holdings in NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock worth $28,000 after purchasing an additional 1,098 shares during the period. Trifecta Capital Advisors LLC bought a new stake in NexGen Energy during the second quarter valued at about $46,000. SBI Securities Co. Ltd. grew its holdings in 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 purchasing an additional 6,528 shares during the period. Flow Traders U.S. LLC purchased a new stake in NexGen Energy in the second quarter worth about $76,000. Finally, Jump Financial LLC purchased a new stake in NexGen Energy in the fourth quarter worth about $93,000. Institutional investors own 42.43% of the company's stock.
NexGen Energy Stock Performance
NXE opened at $11.09 on Thursday. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of -27.72 and a beta of 1.40. The firm's fifty day moving average is $9.83 and its 200 day moving average is $11.05. NexGen Energy has a fifty-two week low of $7.17 and a fifty-two week high of $13.96.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Friday, May 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded shares of NexGen Energy from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 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.com, NexGen Energy has an average rating of "Hold".
Get Our Latest Analysis on NXE
NexGen Energy Company Profile
(
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.
See Also
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