NexGen Energy Ltd. (NYSE:NXE - Get Free Report) traded up 3.6% during trading on Wednesday . The company traded as high as $5.99 and last traded at $5.97. 243,323 shares were traded during mid-day trading, a decline of 96% from the average session volume of 5,824,125 shares. The stock had previously closed at $5.76.
Wall Street Analyst Weigh In
NXE has been the subject of several analyst reports. Ventum Cap Mkts upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Monday, July 8th. Haywood Securities raised NexGen Energy to a "strong-buy" rating in a research report on Friday, May 17th.
Check Out Our Latest Analysis on NXE
NexGen Energy Price Performance
The stock has a market capitalization of $3.31 billion, a P/E ratio of -591.00 and a beta of 1.93. The stock has a fifty day moving average price of $6.65 and a 200 day moving average price of $7.34.
NexGen Energy (NYSE:NXE - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. During the same period in the previous year, the business posted ($0.03) EPS. Research analysts anticipate that NexGen Energy Ltd. will post -0.14 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NXE. Swiss National Bank lifted its position in NexGen Energy by 12.9% during the first quarter. Swiss National Bank now owns 989,000 shares of the company's stock valued at $7,686,000 after purchasing an additional 112,700 shares during the last quarter. Van ECK Associates Corp lifted its position in NexGen Energy by 23.3% in the 1st quarter. Van ECK Associates Corp now owns 1,852,355 shares of the company's stock worth $14,395,000 after buying an additional 350,017 shares during the last quarter. Southland Equity Partners LLC boosted its stake in NexGen Energy by 22.0% in the first quarter. Southland Equity Partners LLC now owns 21,327 shares of the company's stock worth $166,000 after buying an additional 3,840 shares in the last quarter. Bornite Capital Management LP purchased a new position in shares of NexGen Energy during the fourth quarter worth approximately $3,630,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of NexGen Energy by 316.0% in the 1st quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company's stock worth $1,140,000 after acquiring an additional 111,283 shares during the last quarter. 42.43% of the stock is owned by institutional investors.
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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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