CIBC Asset Management Inc lifted its holdings in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 13.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 926,314 shares of the company's stock after purchasing an additional 109,754 shares during the period. CIBC Asset Management Inc owned about 0.16% of NexGen Energy worth $6,043,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in NexGen Energy during the second quarter worth approximately $33,000. DekaBank Deutsche Girozentrale purchased a new position in NexGen Energy in the 3rd quarter worth approximately $76,000. New Harbor Financial Group LLC increased its stake in NexGen Energy by 20.0% during the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company's stock worth $98,000 after buying an additional 2,500 shares during the period. Element Capital Management LLC purchased a new stake in NexGen Energy during the 2nd quarter worth approximately $110,000. Finally, Legacy Capital Group California Inc. bought a new position in NexGen Energy during the 2nd quarter valued at $125,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, National Bank Financial upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Strong Buy" and an average price target of $11.00.
Get Our Latest Report on NexGen Energy
NexGen Energy Stock Up 7.3 %
NYSE NXE traded up $0.54 on Monday, hitting $7.92. The stock had a trading volume of 9,883,676 shares, compared to its average volume of 5,749,576. The company's 50-day moving average is $6.93 and its two-hundred day moving average is $6.85. NexGen Energy Ltd. has a one year low of $4.95 and a one year high of $8.88. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 52.80 and a beta of 1.90.
NexGen Energy (NYSE:NXE - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the previous year, the business posted ($0.04) earnings per share. On average, sell-side analysts anticipate that NexGen Energy Ltd. will post -0.06 earnings per share for the current year.
About NexGen Energy
(
Free Report)
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.
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