National Bank of Canada FI Grows Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

National Bank of Canada FI grew its holdings in NexGen Energy Ltd. (NYSE:NXE) by 158.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 469,893 shares of the company’s stock after acquiring an additional 288,418 shares during the period. National Bank of Canada FI owned about 0.08% of NexGen Energy worth $3,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Harbor Financial Group LLC raised its position in NexGen Energy by 20.0% in the third 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 period. Investment Management Corp of Ontario raised its holdings in shares of NexGen Energy by 14.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock valued at $164,000 after buying an additional 3,200 shares during the period. Toronto Dominion Bank lifted its position in NexGen Energy by 24.6% during the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock worth $153,000 after acquiring an additional 4,338 shares in the last quarter. Larson Financial Group LLC acquired a new position in NexGen Energy during the 2nd quarter worth approximately $33,000. Finally, Hood River Capital Management LLC boosted its holdings in NexGen Energy by 0.8% in the 2nd quarter. Hood River Capital Management LLC now owns 835,260 shares of the company’s stock worth $5,830,000 after acquiring an additional 6,228 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at $7.50 on Friday. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96. The company has a market capitalization of $4.24 billion, a PE ratio of 50.00 and a beta of 1.91. The business has a 50-day moving average of $7.75 and a 200-day moving average of $6.92.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the previous year, the business posted ($0.04) earnings per share. On average, equities analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report 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.