NexGen Energy Target of Unusually Large Options Trading (NYSE:NXE)

NexGen Energy (NYSE:NXE - Get Free Report) was the target of some unusual options trading on Tuesday. Traders bought 31,834 call options on the company. This is an increase of approximately 257% compared to the average volume of 8,919 call options.

NexGen Energy Trading Up 1.3%

Shares of NXE stock traded up $0.09 during trading hours on Thursday, hitting $6.52. 6,782,684 shares of the company were exchanged, compared to its average volume of 7,758,301. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $8.96. The firm has a fifty day moving average of $6.24 and a 200 day moving average of $5.88.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). As a group, equities analysts forecast that NexGen Energy will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On NexGen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in NexGen Energy by 6.7% during the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after purchasing an additional 1,656 shares during the period. Hsbc Holdings PLC raised its holdings in shares of NexGen Energy by 10.4% during the 1st quarter. Hsbc Holdings PLC now owns 20,675 shares of the company's stock valued at $93,000 after buying an additional 1,946 shares during the period. Rathbones Group PLC lifted its position in NexGen Energy by 6.8% during the 1st quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock worth $149,000 after acquiring an additional 2,100 shares in the last quarter. Cetera Investment Advisers lifted its position in NexGen Energy by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock worth $690,000 after acquiring an additional 2,648 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in NexGen Energy by 1.3% in the 1st quarter. Mackenzie Financial Corp now owns 233,457 shares of the company's stock worth $1,046,000 after acquiring an additional 2,933 shares during the period. 42.43% of the stock is currently owned by institutional investors and hedge funds.

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.