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

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the recipient of some unusual options trading on Tuesday. Traders bought 18,911 call options on the stock. This is an increase of 92% compared to the average daily volume of 9,828 call options.

Institutional Trading of NexGen Energy

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted 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 valued at $33,000 after purchasing an additional 3,700 shares in the last quarter. Compound Planning Inc. acquired a new position in shares of NexGen Energy in the first quarter valued at approximately $46,000. Altshuler Shaham Ltd purchased a new position in shares of NexGen Energy during the fourth quarter valued at approximately $51,000. PenderFund Capital Management Ltd. boosted its position 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 acquiring an additional 3,600 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in NexGen Energy during the first quarter worth approximately $55,000. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Trading Up 1.6%

Shares of NXE stock traded up $0.10 during trading hours on Friday, hitting $6.40. The company's stock had a trading volume of 6,949,666 shares, compared to its average volume of 7,224,566. The business has a fifty day moving average of $5.28 and a 200-day moving average of $6.08. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $8.96. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 42.67 and a beta of 1.54.

NexGen Energy (NYSE:NXE - Get Free Report) last announced 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 analysts expect that NexGen Energy will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NXE has been the subject of a number of analyst reports. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Three equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Strong Buy".

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.