Toronto Dominion Bank Sells 145,660 Shares of NexGen Energy Ltd. (NYSE:NXE)

Toronto Dominion Bank decreased its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 80.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,480 shares of the company's stock after selling 145,660 shares during the quarter. Toronto Dominion Bank's holdings in NexGen Energy were worth $227,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after acquiring an additional 3,700 shares during the period. Altshuler Shaham Ltd bought a new stake in NexGen Energy in the 4th quarter valued at $51,000. Mariner LLC bought a new stake in NexGen Energy in the 4th quarter valued at $68,000. Aptus Capital Advisors LLC bought a new stake in NexGen Energy in the 4th quarter valued at $79,000. Finally, Matauro LLC bought a new stake in NexGen Energy in the 4th quarter valued at $84,000. Institutional investors and hedge funds own 42.43% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NexGen Energy presently has a consensus rating of "Strong Buy".

NexGen Energy Trading Down 1.3%

NXE traded down $0.09 on Thursday, reaching $6.31. The stock had a trading volume of 5,661,181 shares, compared to its average volume of 7,212,526. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The firm has a 50-day moving average of $5.25 and a 200-day moving average of $6.10. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 42.10 and a beta of 1.54.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). Sell-side analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal 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.