Connor Clark & Lunn Investment Management Ltd. Has $3.92 Million Stock Holdings in NexGen Energy $NXE

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in NexGen Energy (NYSE:NXE - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 873,600 shares of the company's stock after selling 45,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.15% of NexGen Energy worth $3,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PCJ Investment Counsel Ltd. raised its stake in NexGen Energy by 54.8% in the first quarter. PCJ Investment Counsel Ltd. now owns 322,140 shares of the company's stock valued at $1,444,000 after buying an additional 114,050 shares during the period. Deutsche Bank AG increased its stake in shares of NexGen Energy by 34.7% during the first quarter. Deutsche Bank AG now owns 30,968 shares of the company's stock worth $139,000 after purchasing an additional 7,977 shares during the period. Headlands Technologies LLC bought a new position in shares of NexGen Energy during the first quarter worth approximately $206,000. Vanguard Group Inc. increased its stake in shares of NexGen Energy by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company's stock worth $93,928,000 after purchasing an additional 520,279 shares during the period. Finally, Legacy Capital Group California Inc. increased its stake in shares of NexGen Energy by 31.5% during the first quarter. Legacy Capital Group California Inc. now owns 51,793 shares of the company's stock worth $233,000 after purchasing an additional 12,402 shares during the period. Institutional investors own 42.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Desjardins assumed coverage on NexGen Energy in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy".

NexGen Energy Price Performance

NYSE:NXE traded up $0.06 during trading hours on Monday, reaching $6.88. 2,349,218 shares of the company were exchanged, compared to its average volume of 9,236,699. The company has a market capitalization of $3.93 billion, a P/E ratio of -27.50 and a beta of 1.45. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96. The business has a 50 day moving average of $6.82 and a 200 day moving average of $5.86.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). As a group, equities research 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.