NexGen Energy $NXE Shares Sold by PCJ Investment Counsel Ltd.

Key Points

• PCJ Investment Counsel cut its stake in NexGen by 30.3% in Q3, selling 226,200 shares to end the period with 520,200 shares (about 0.08% of NexGen, worth $4.656 million), making NXE its 26th largest holding and ~1.3% of PCJ's portfolio.
• Several institutions moved into or increased positions—Millennium Management (+15.3% to 4,101,588 shares), Goldman Sachs (2,986,982 shares) and UBS (+13% to 705,024 shares)—with hedge funds and other institutions owning about 42.43% of the stock.
• NexGen shares traded near $13.00 (50-day MA $11.90, 200-day MA $9.78) with a market cap of $8.59B; the company reported Q EPS of -$0.05 versus a -$0.03 estimate (a miss), and analysts hold a consensus rating of "Moderate Buy" (5 Buys, 1 Hold, 1 Sell).

PCJ Investment Counsel Ltd. reduced its stake in shares of NexGen Energy (NYSE:NXE - Free Report) by 30.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 520,200 shares of the company's stock after selling 226,200 shares during the period. NexGen Energy makes up approximately 1.3% of PCJ Investment Counsel Ltd.'s investment portfolio, making the stock its 26th biggest holding. PCJ Investment Counsel Ltd. owned 0.08% of NexGen Energy worth $4,656,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Millennium Management LLC raised its stake in NexGen Energy by 15.3% in the 1st quarter. Millennium Management LLC now owns 4,101,588 shares of the company's stock worth $18,407,000 after acquiring an additional 543,179 shares during the last quarter. NewEdge Advisors LLC grew its stake in NexGen Energy by 7.3% during the 1st quarter. NewEdge Advisors LLC now owns 151,423 shares of the company's stock valued at $680,000 after purchasing an additional 10,266 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NexGen Energy by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company's stock valued at $13,412,000 after purchasing an additional 36,510 shares during the period. Caxton Associates LLP purchased a new position in shares of NexGen Energy in the first quarter worth about $165,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NexGen Energy by 13.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company's stock worth $3,166,000 after purchasing an additional 81,167 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 2.7%

NYSE:NXE opened at $13.00 on Wednesday. The company's 50-day moving average price is $11.90 and its 200-day moving average price is $9.78. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $13.96. The company has a market cap of $8.59 billion, a P/E ratio of -34.21 and a beta of 1.41.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). On average, analysts expect that NexGen Energy will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of NexGen Energy in a report on Thursday, January 22nd. UBS Group started coverage on NexGen Energy in a report on Thursday, March 5th. They issued a "buy" rating on the stock. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Wednesday, January 14th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

About NexGen Energy

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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