Stock Traders Purchase Large Volume of Call Options on NexGen Energy (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) saw unusually large options trading on Wednesday. Traders purchased 20,824 call options on the stock. This is an increase of approximately 80% compared to the average daily volume of 11,548 call options.

NexGen Energy Trading Down 0.1 %

NXE traded down $0.01 on Friday, hitting $4.69. 7,867,905 shares of the company were exchanged, compared to its average volume of 6,308,464. NexGen Energy has a twelve month low of $4.44 and a twelve month high of $8.96. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 31.24 and a beta of 1.97. The firm has a 50-day moving average price of $6.13 and a two-hundred day moving average price of $6.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. PKO Investment Management Joint Stock Co purchased a new position in shares of NexGen Energy during the fourth quarter worth approximately $574,000. Mackenzie Financial Corp grew its position in shares of NexGen Energy by 15.5% during the fourth quarter. Mackenzie Financial Corp now owns 230,524 shares of the company's stock worth $1,519,000 after acquiring an additional 31,002 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of NexGen Energy by 3.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 134,655 shares of the company's stock worth $888,000 after acquiring an additional 4,176 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NexGen Energy by 38.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 623,857 shares of the company's stock worth $4,117,000 after acquiring an additional 172,499 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of NexGen Energy by 100.3% during the fourth quarter. Tidal Investments LLC now owns 62,617 shares of the company's stock worth $413,000 after acquiring an additional 31,362 shares during the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

NXE has been the topic of several research analyst reports. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, NexGen Energy has a consensus 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.