Regal Partners Ltd Purchases 158,693 Shares of NexGen Energy (NYSE:NXE)

Key Points

• Regal Partners Ltd significantly increased its shareholding in NexGen Energy by 122.6% during the first quarter, now owning 288,138 shares valued at approximately $1.29 million.
• NexGen Energy reported a quarterly loss of ($0.10) EPS, which missed analyst expectations of ($0.02), and is projected to post -0.05 EPS for the current year.
• The stock price of NexGen Energy is currently $6.92, with a market cap of $3.95 billion and has seen a trading range between $3.91 and $8.96 over the past year.

Regal Partners Ltd grew its stake in NexGen Energy (NYSE:NXE - Free Report) by 122.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,138 shares of the company's stock after purchasing an additional 158,693 shares during the quarter. Regal Partners Ltd owned approximately 0.05% of NexGen Energy worth $1,294,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in NexGen Energy by 6.7% during the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after acquiring an additional 1,656 shares in the last quarter. Rathbones Group PLC increased its position in NexGen Energy by 6.8% in the 1st quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock valued at $149,000 after acquiring an additional 2,100 shares during the period. Cetera Investment Advisers increased its position in NexGen Energy by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock valued at $690,000 after acquiring an additional 2,648 shares during the period. Mackenzie Financial Corp increased its position in NexGen Energy by 1.3% in the 1st quarter. Mackenzie Financial Corp now owns 233,457 shares of the company's stock valued at $1,046,000 after acquiring an additional 2,933 shares during the period. Finally, Hsbc Holdings PLC increased its position in NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock valued at $124,000 after acquiring an additional 3,473 shares during the period. 42.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NXE. TD Securities restated a "buy" rating on shares of NexGen Energy in a research report on Friday, August 8th. Desjardins began coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They issued a "buy" rating on the stock. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

NexGen Energy Stock Performance

NXE traded up $0.04 during midday trading on Friday, reaching $6.82. 4,756,085 shares of the company were exchanged, compared to its average volume of 6,724,075. The company's fifty day moving average price is $6.82 and its 200 day moving average price is $5.87. NexGen Energy has a one year low of $3.91 and a one year high of $8.96. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -27.28 and a beta of 1.45.

NexGen Energy (NYSE:NXE - Get Free Report) last released its 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, sell-side analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

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.