PKO Investment Management Joint Stock Co purchased a new stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 87,000 shares of the company's stock, valued at approximately $574,000.
Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after buying an additional 3,700 shares during the last quarter. Altshuler Shaham Ltd bought a new position in NexGen Energy during the fourth quarter worth $51,000. Mariner LLC bought a new position in NexGen Energy during the fourth quarter worth $68,000. Aptus Capital Advisors LLC bought a new position in NexGen Energy during the fourth quarter worth $79,000. Finally, Matauro LLC bought a new position in NexGen Energy during the fourth quarter worth $84,000. Institutional investors own 42.43% of the company's stock.
NexGen Energy Stock Down 0.3%
NXE traded down $0.02 during midday trading on Friday, hitting $6.18. The company had a trading volume of 11,987,613 shares, compared to its average volume of 7,143,308. NexGen Energy Ltd. has a 52 week low of $3.91 and a 52 week high of $8.96. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 41.20 and a beta of 1.50. The stock's 50 day moving average price is $5.12 and its 200 day moving average price is $6.13.
NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Research analysts predict that NexGen Energy Ltd. will post -0.05 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on NXE shares. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Strong Buy".
View Our Latest Research Report on NexGen Energy
NexGen Energy Company Profile
(
Free Report)
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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