Tejara Capital Ltd Purchases 406,158 Shares of 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 grew its position in shares of NexGen Energy (NYSE:NXE - Free Report) by 561.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 478,558 shares of the company's stock after buying an additional 406,158 shares during the quarter. Tejara Capital Ltd owned approximately 0.08% of NexGen Energy worth $2,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of NexGen Energy by 16.9% during the fourth quarter. Bank of America Corp DE now owns 1,995,608 shares of the company's stock worth $13,171,000 after purchasing an additional 288,102 shares in the last quarter. Cetera Investment Advisers lifted its holdings in NexGen Energy by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock valued at $690,000 after buying an additional 2,648 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in NexGen Energy by 11.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company's stock worth $178,000 after purchasing an additional 4,075 shares during the period. Bank of New York Mellon Corp raised its holdings in NexGen Energy by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 2,021,300 shares of the company's stock worth $9,076,000 after purchasing an additional 144,742 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in NexGen Energy by 64.1% in the first quarter. Envestnet Asset Management Inc. now owns 202,953 shares of the company's stock worth $911,000 after purchasing an additional 79,314 shares during the period. 42.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

NexGen Energy Stock Up 0.6%

Shares of NYSE: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 6,551,319. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The stock has a fifty day simple moving average of $6.82 and a two-hundred day simple moving average of $5.86. The firm has a market cap of $3.89 billion, a PE 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, analysts forecast that NexGen Energy will post -0.05 earnings per share for the current year.

NexGen Energy Company 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.