NexGen Energy $NXE Shares Sold by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in NexGen Energy by 19.3%, owning approximately 0.06% of the company after selling 77,280 shares during the first quarter.
• NexGen Energy's latest quarterly earnings report showed a loss of ($0.10) earnings per share, missing analyst expectations of ($0.02) by a margin of ($0.08).
• The stock currently has a consensus rating of "Buy", with one analyst rating it as Strong Buy, and the company has a market capitalization of $4.44 billion.

Federation des caisses Desjardins du Quebec lessened its stake in shares of NexGen Energy (NYSE:NXE - Free Report) by 19.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 322,488 shares of the company's stock after selling 77,280 shares during the period. Federation des caisses Desjardins du Quebec owned about 0.06% of NexGen Energy worth $1,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NXE. Compound Planning Inc. acquired a new stake in shares of NexGen Energy during the 1st quarter valued at $46,000. Ground Swell Capital LLC acquired a new stake in shares of NexGen Energy during the 1st quarter valued at $55,000. Aptus Capital Advisors LLC acquired a new stake in shares of NexGen Energy during the 4th quarter valued at $79,000. Hsbc Holdings PLC lifted its position 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 acquiring an additional 1,946 shares during the last quarter. Finally, New Harbor Financial Group LLC lifted its position in shares of NexGen Energy by 66.7% during the 1st quarter. New Harbor Financial Group LLC now owns 25,000 shares of the company's stock valued at $112,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Trading Up 2.2%

NYSE NXE opened at $7.77 on Monday. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96. The company has a market capitalization of $4.44 billion, a PE ratio of -31.06 and a beta of 1.46. The firm's fifty day simple moving average is $6.99 and its 200-day simple moving average is $5.96.

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 for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). As a group, analysts predict that NexGen Energy will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

NXE has been the subject of a number of research analyst reports. TD Securities restated a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins initiated coverage on NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, NexGen Energy currently has a consensus 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.

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