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

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the target of some unusual options trading on Wednesday. Investors bought 20,824 call options on the stock. This is an increase of approximately 80% compared to the typical volume of 11,548 call options.

Analysts Set New Price Targets

NXE has been the subject of several recent research reports. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday. Finally, Stifel Nicolaus assumed coverage on NexGen Energy in a report on Wednesday. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NexGen Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock worth $230,828,000 after buying an additional 501,952 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NexGen Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company's stock worth $134,779,000 after buying an additional 298,106 shares during the last quarter. Segra Capital Management LLC lifted its holdings in shares of NexGen Energy by 19.8% during the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock worth $76,217,000 after buying an additional 1,931,200 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of NexGen Energy by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock worth $57,659,000 after buying an additional 82,413 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after buying an additional 3,762,756 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

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NexGen Energy Price Performance

NXE traded down $0.01 on Friday, hitting $4.69. The company had a trading volume of 7,867,905 shares, compared to its average volume of 6,324,906. The company's fifty day moving average price is $6.13 and its 200 day moving average price is $6.77. NexGen Energy has a 1-year low of $4.44 and a 1-year high of $8.96. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 31.24 and a beta of 1.97.

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 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.