NexGen Energy Sees Unusually High Options Volume (NYSE:NXE)

NexGen Energy (NYSE:NXE - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors bought 31,834 call options on the stock. This is an increase of approximately 257% compared to the typical volume of 8,919 call options.

Hedge Funds Weigh In On NexGen Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in NexGen Energy by 284.6% in 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 in the last quarter. Altshuler Shaham Ltd bought a new position in NexGen Energy in the 4th quarter worth $51,000. Compound Planning Inc. bought a new position in NexGen Energy in the 1st quarter worth $46,000. Mariner LLC bought a new position in NexGen Energy in the 4th quarter worth $68,000. Finally, PenderFund Capital Management Ltd. boosted its holdings in NexGen Energy by 45.0% in the 1st quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock worth $52,000 after buying an additional 3,600 shares during the period. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Down 0.1%

Shares of NYSE:NXE traded down $0.01 on Thursday, hitting $6.43. 1,017,953 shares of the company traded hands, compared to its average volume of 9,689,903. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $8.96. The stock has a 50 day simple moving average of $6.24 and a 200-day simple moving average of $5.88. The company has a market cap of $3.67 billion, a PE ratio of -40.15 and a beta of 1.55.

NexGen Energy (NYSE:NXE - Get Free Report) last posted 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). As a group, sell-side analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

NXE has been the topic of a number of research analyst reports. Raymond James Financial reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Nicolaus began coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Desjardins initiated coverage on NexGen Energy in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

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.