Tejara Capital Ltd Raises Stock Position in NexGen Energy $NXE

Key Points

• Tejara Capital Ltd significantly increased its holdings in NexGen Energy by 561.0%, acquiring 406,158 shares, bringing its total to 478,558 shares valued at approximately $2.15 million.
• Analysts generally maintain a positive outlook on NexGen Energy, with five analysts
• NexGen Energy recently reported an EPS loss of ($0.10) for the last quarter, missing analysts' expectations by ($0.08), with projections suggesting a continued negative EPS in the current fiscal year.

Tejara Capital Ltd raised its holdings in NexGen Energy (NYSE:NXE - Free Report) by 561.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 478,558 shares of the company's stock after buying an additional 406,158 shares during the quarter. Tejara Capital Ltd owned 0.08% of NexGen Energy worth $2,149,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of NexGen Energy by 6.7% in the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company's stock valued at $174,000 after purchasing an additional 1,656 shares in the last quarter. Rathbones Group PLC lifted its position in NexGen Energy by 6.8% during the first quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock valued at $149,000 after purchasing an additional 2,100 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of NexGen Energy by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock worth $690,000 after acquiring an additional 2,648 shares during the last quarter. Mackenzie Financial Corp lifted its stake in NexGen Energy by 1.3% during the first quarter. Mackenzie Financial Corp now owns 233,457 shares of the company's stock worth $1,046,000 after purchasing an additional 2,933 shares during the last quarter. Finally, Hsbc Holdings PLC lifted 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 worth $124,000 after buying an additional 3,473 shares during the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Trading Down 1.5%

NexGen Energy stock traded down $0.0950 during midday trading on Wednesday, hitting $6.4550. The stock had a trading volume of 9,076,290 shares, compared to its average volume of 6,274,138. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96. The firm's fifty day moving average is $6.83 and its two-hundred day moving average is $5.87. The company has a market capitalization of $3.69 billion, a PE ratio of -25.82 and a beta of 1.45.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data 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 predict that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TD Securities reiterated 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 report on Tuesday, June 10th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, NexGen Energy presently has a consensus rating of "Buy".

About NexGen Energy

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.