NexGen Energy (NYSE:NXE) Sets New 52-Week High at $8.32

NexGen Energy Ltd. (NYSE:NXE - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $8.32 and last traded at $8.23, with a volume of 1563996 shares changing hands. The stock had previously closed at $7.77.

Wall Street Analyst Weigh In

Separately, Scotiabank began coverage on NexGen Energy in a research report on Monday. They set a "sector outperform" rating for the company.

NexGen Energy Trading Up 8.5 %

The business has a 50-day moving average price of $7.50 and a two-hundred day moving average price of $6.67. The stock has a market capitalization of $4.55 billion, a P/E ratio of 421.71 and a beta of 1.90. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.19.

NexGen Energy (NYSE:NXE - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05). On average, analysts expect that NexGen Energy Ltd. will post -0.1 EPS for the current fiscal year.

Institutional Trading of NexGen Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Kingdon Capital Management L.L.C. bought a new stake in shares of NexGen Energy during the 4th quarter worth $7,000,000. Goldman Sachs Group Inc. increased its holdings in NexGen Energy by 74.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company's stock worth $23,393,000 after purchasing an additional 1,430,709 shares in the last quarter. Virtu Financial LLC increased its holdings in NexGen Energy by 77.4% in the 4th quarter. Virtu Financial LLC now owns 112,940 shares of the company's stock worth $791,000 after purchasing an additional 49,261 shares in the last quarter. Spouting Rock Asset Management LLC acquired a new position in NexGen Energy in the 4th quarter worth about $380,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in NexGen Energy by 41.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 41,552 shares of the company's stock worth $291,000 after purchasing an additional 12,141 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.