NexGen Energy Ltd. (NYSE:NXE - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $6.09, but opened at $6.33. NexGen Energy shares last traded at $6.36, with a volume of 1,027,337 shares trading hands.
NexGen Energy Price Performance
The company's fifty day simple moving average is $7.35 and its 200-day simple moving average is $6.87. The firm has a market capitalization of $3.74 billion, a PE ratio of 43.76 and a beta of 1.96.
NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). During the same period in the prior year, the business earned ($0.04) earnings per share. Analysts forecast that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in NXE. The Manufacturers Life Insurance Company raised its stake in NexGen Energy by 792.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company's stock worth $46,434,000 after acquiring an additional 6,317,538 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the last quarter. Mountaineer Partners Management LLC boosted its position in shares of NexGen Energy by 536.6% in the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock valued at $24,071,000 after purchasing an additional 3,107,214 shares during the period. Segra Capital Management LLC grew its stake in NexGen Energy by 19.8% during the 3rd 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. Finally, Appian Way Asset Management LP increased its position in NexGen Energy by 403.7% during the third quarter. Appian Way Asset Management LP now owns 1,626,807 shares of the company's stock worth $10,623,000 after buying an additional 1,303,864 shares during the period. Hedge funds and other institutional investors own 42.43% of the company's stock.
About NexGen Energy
(
Get 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.
Further Reading
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