Northwest & Ethical Investments L.P. Takes Position in NexGen Energy Ltd. (NYSE:NXE)

Northwest & Ethical Investments L.P. purchased a new stake in NexGen Energy Ltd. (NYSE:NXE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 32,681 shares of the company’s stock, valued at approximately $213,000.

Other large investors also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda purchased a new position in shares of NexGen Energy in the 3rd quarter valued at about $6,585,000. CIBC Asset Management Inc grew its holdings in NexGen Energy by 13.4% during the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock worth $6,043,000 after acquiring an additional 109,754 shares in the last quarter. Rye Brook Capital LLC increased its position in shares of NexGen Energy by 18.7% in the 3rd quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock valued at $4,538,000 after purchasing an additional 109,500 shares during the last quarter. Millennium Management LLC grew its stake in shares of NexGen Energy by 109.6% during the second quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock worth $11,441,000 after purchasing an additional 858,471 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in NexGen Energy by 5,020.5% in the first quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after buying an additional 15,905,444 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd.

NexGen Energy Stock Performance

Shares of NXE opened at $8.44 on Friday. The stock has a market capitalization of $4.77 billion, a P/E ratio of 56.27 and a beta of 1.90. NexGen Energy Ltd. has a 1 year low of $4.95 and a 1 year high of $8.96. The company’s fifty day moving average is $7.46 and its two-hundred day moving average is $6.90.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same period last year, the business posted ($0.04) EPS. Sell-side analysts predict that NexGen Energy Ltd. will post -0.05 EPS for the current year.

About NexGen Energy

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.