Investors Buy Large Volume of NexGen Energy Call Options (NYSE:NXE)

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NXE shares. Desjardins began coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Raymond James Financial reiterated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Stifel Nicolaus began coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

NexGen Energy Stock Performance

Shares of NYSE:NXE traded down $0.13 on Wednesday, reaching $6.46. The company's stock had a trading volume of 4,558,618 shares, compared to its average volume of 9,745,587. The company has a 50-day simple moving average of $6.21 and a 200 day simple moving average of $5.87. The company has a market cap of $3.69 billion, a P/E ratio of -40.37 and a beta of 1.55. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its 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). On average, equities research analysts forecast that NexGen Energy will post -0.05 EPS for the current fiscal year.

Institutional Trading of NexGen Energy

Several large investors have recently added to or reduced their stakes in NXE. Confluence Investment Management LLC acquired a new position in NexGen Energy during the second quarter worth $483,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NexGen Energy by 13.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company's stock valued at $3,166,000 after purchasing an additional 81,167 shares during the period. Caxton Associates LLP acquired a new stake in NexGen Energy in the first quarter valued at approximately $165,000. Goldman Sachs Group Inc. raised its holdings in NexGen Energy by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company's stock worth $13,412,000 after purchasing an additional 36,510 shares in the last quarter. Finally, PenderFund Capital Management Ltd. raised its holdings in NexGen Energy by 45.0% during the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock worth $52,000 after purchasing an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.

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.