NexGen Energy Target of Unusually Large Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders bought 25,721 put options on the stock. This represents an increase of approximately 273% compared to the average volume of 6,901 put options.

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in NexGen Energy in the second quarter valued at approximately $33,000. Lodestone Wealth Management LLC bought a new stake in NexGen Energy in the 1st quarter valued at $91,000. New Harbor Financial Group LLC lifted its holdings 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 valued at $98,000 after purchasing an additional 2,500 shares during the last quarter. Element Capital Management LLC bought a new position in NexGen Energy during the second quarter worth $110,000. Finally, Legacy Capital Group California Inc. acquired a new position in shares of NexGen Energy in the second quarter valued at $125,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NXE shares. National Bank Financial upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, September 3rd. Ventum Cap Mkts raised shares of NexGen Energy to a "strong-buy" rating in a research report on Monday, July 8th. Two 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, the company presently has an average rating of "Strong Buy" and a consensus price target of $11.00.

NexGen Energy Price Performance

NXE stock traded down $0.38 during mid-day trading on Monday, reaching $7.96. The company had a trading volume of 9,771,772 shares, compared to its average volume of 5,730,144. NexGen Energy has a 52 week low of $4.95 and a 52 week high of $8.88. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of -795.50 and a beta of 1.91. The stock has a 50 day simple moving average of $6.36 and a two-hundred day simple moving average of $6.92.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. During the same quarter last year, the company earned ($0.03) EPS. On average, equities analysts predict that NexGen Energy will post -0.09 EPS for the current year.

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.