Turim 21 Investimentos Ltda. Invests $1.63 Million in NexGen Energy $NXE

Key Points

• Turim 21 Investimentos purchased 174,032 NexGen Energy shares in the second quarter, valued at approximately $1.63 million and representing about 0.3% of its portfolio.
• Other institutions also added to their positions, and institutional investors collectively own 42.43% of NexGen Energy’s stock.
• NXE opened at $10.53, with a one-year range of $6.26 to $13.96. Analysts’ consensus rating is Hold, reflecting three Buy ratings, one Hold and one Sell.

Turim 21 Investimentos Ltda. bought a new stake in NexGen Energy (NYSE:NXE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 174,032 shares of the company's stock, valued at approximately $1,634,000. NexGen Energy accounts for about 0.3% of Turim 21 Investimentos Ltda.'s portfolio, making the stock its 21st biggest position.

Other institutional investors have also recently made changes to their positions in the company. Leonteq Securities AG lifted its position in shares of NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock worth $28,000 after purchasing an additional 1,098 shares during the last quarter. Trifecta Capital Advisors LLC purchased a new position in NexGen Energy in the 2nd quarter worth about $46,000. SBI Securities Co. Ltd. increased its stake in NexGen Energy by 454.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company's stock worth $73,000 after buying an additional 6,528 shares during the period. Flow Traders U.S. LLC bought a new stake in NexGen Energy during the 2nd quarter valued at about $76,000. Finally, Jump Financial LLC bought a new stake in NexGen Energy during the 4th quarter valued at about $93,000. Institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Performance

Shares of NXE opened at $10.53 on Thursday. The stock has a 50-day moving average of $9.77 and a two-hundred day moving average of $11.09. The stock has a market cap of $7.05 billion, a P/E ratio of -26.33 and a beta of 1.40. NexGen Energy has a one year low of $6.26 and a one year high of $13.96.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NXE. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, May 8th. Weiss Ratings restated a "sell (d-)" rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Finally, Wall Street Zen upgraded NexGen Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

About NexGen Energy

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.

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