NexGen Energy (NYSE:NXE) Trading Up 5.3% – Still a Buy?

NexGen Energy Ltd. (NYSE:NXE) was up 5.3% on Wednesday . The company traded as high as $6.66 and last traded at $6.66. Approximately 2,348,938 shares traded hands during trading, a decline of 71% from the average daily volume of 8,097,163 shares. The stock had previously closed at $6.32.

NexGen Energy Price Performance

The business has a 50-day moving average of $7.35 and a two-hundred day moving average of $6.87. The company has a market cap of $3.74 billion, a P/E ratio of 43.76 and a beta of 1.96.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results 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 last year, the company posted ($0.04) EPS. Equities analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

Institutional Trading of NexGen Energy

A number of institutional investors have recently made changes to their positions in NXE. Segra Capital Management LLC increased its position in NexGen Energy by 19.8% during the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after buying an additional 1,931,200 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after acquiring an additional 3,762,756 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of NexGen Energy by 792.0% during the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after acquiring an additional 6,317,538 shares in the last quarter. Mountaineer Partners Management LLC raised its position in shares of NexGen Energy by 536.6% in the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after purchasing an additional 3,107,214 shares during the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC boosted its stake in NexGen Energy by 18.0% in the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company’s stock worth $19,738,000 after purchasing an additional 461,185 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

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.