Rye Brook Capital LLC Has $4.54 Million Position in NexGen Energy Ltd. (NYSE:NXE)

Rye Brook Capital LLC increased its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 695,000 shares of the company's stock after acquiring an additional 109,500 shares during the quarter. NexGen Energy makes up 6.5% of Rye Brook Capital LLC's investment portfolio, making the stock its 7th largest position. Rye Brook Capital LLC owned approximately 0.12% of NexGen Energy worth $4,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NXE. Larson Financial Group LLC purchased a new stake in NexGen Energy in the 2nd quarter worth approximately $33,000. Lodestone Wealth Management LLC purchased a new stake in NexGen Energy in the 1st quarter worth approximately $91,000. New Harbor Financial Group LLC lifted its holdings in NexGen Energy by 20.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company's stock worth $98,000 after buying an additional 2,500 shares during the period. Element Capital Management LLC purchased a new stake in NexGen Energy in the 2nd quarter worth approximately $110,000. Finally, Legacy Capital Group California Inc. purchased a new stake in NexGen Energy in the 2nd quarter worth approximately $125,000. 42.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Ventum Cap Mkts upgraded NexGen Energy to a "strong-buy" rating in a research note on Monday, July 8th. National Bank Financial upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy" and an average price target of $11.00.

NexGen Energy Stock Performance

Shares of NXE traded down $0.37 on Wednesday, reaching $7.53. The stock had a trading volume of 4,511,185 shares, compared to its average volume of 5,717,327. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 753.75 and a beta of 1.91. The company has a 50-day simple moving average of $6.44 and a 200-day simple moving average of $6.92. NexGen Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $8.88.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. During the same period in the previous year, the firm posted ($0.03) EPS. On average, analysts expect that NexGen Energy Ltd. will post -0.09 EPS for the current fiscal 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.