PenderFund Capital Management Ltd. acquired a new stake in 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 fund acquired 196,400 shares of the company's stock, valued at approximately $1,845,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG grew its position in NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock valued at $28,000 after acquiring an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC acquired a new stake in shares of NexGen Energy during the second quarter worth about $46,000. SBI Securities Co. Ltd. boosted its stake in shares of NexGen Energy by 454.3% in 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. Tcfg Wealth Management LLC purchased a new position in shares of NexGen Energy in the first quarter valued at approximately $116,000. Finally, Jump Financial LLC acquired a new position in shares of NexGen Energy in the fourth quarter valued at approximately $93,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on NXE. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Friday, May 8th. Wall Street Zen raised shares of NexGen Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold".
View Our Latest Analysis on NexGen Energy
NexGen Energy Price Performance
Shares of NYSE NXE opened at $11.21 on Friday. The company has a market cap of $7.51 billion, a price-to-earnings ratio of -28.04 and a beta of 1.40. The stock's 50-day moving average is $9.84 and its two-hundred day moving average is $11.06. NexGen Energy has a 1-year low of $7.26 and a 1-year high of $13.96.
About NexGen Energy
(
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.
Further Reading
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