Toronto Dominion Bank Raises Holdings in NexGen Energy Ltd. (NYSE:NXE)

Toronto Dominion Bank increased its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 719.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 180,140 shares of the company's stock after acquiring an additional 158,160 shares during the quarter. Toronto Dominion Bank's holdings in NexGen Energy were worth $1,176,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of 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 valued at $46,434,000 after purchasing an additional 6,317,538 shares during the period. Mountaineer Partners Management LLC increased its stake in NexGen Energy by 536.6% in the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock valued at $24,071,000 after acquiring an additional 3,107,214 shares during the last quarter. Segra Capital Management LLC raised its position in NexGen Energy by 19.8% during the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock valued at $76,217,000 after purchasing an additional 1,931,200 shares in the last quarter. Van ECK Associates Corp lifted its stake in NexGen Energy by 50.5% during the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company's stock worth $30,810,000 after purchasing an additional 1,582,705 shares during the last quarter. Finally, Appian Way Asset Management LP boosted its holdings in shares of NexGen Energy by 403.7% in the 3rd quarter. Appian Way Asset Management LP now owns 1,626,807 shares of the company's stock worth $10,623,000 after purchasing an additional 1,303,864 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Performance

NYSE:NXE traded down $0.12 during trading hours on Tuesday, reaching $7.26. The company's stock had a trading volume of 5,686,055 shares, compared to its average volume of 5,822,147. The firm has a 50-day simple moving average of $7.77 and a 200-day simple moving average of $6.90. NexGen Energy Ltd. has a 1 year low of $4.95 and a 1 year high of $8.96. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 48.37 and a beta of 1.91.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the previous year, the company posted ($0.04) earnings per share. Equities analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, National Bank Financial raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, September 3rd.

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.