Waratah Capital Advisors Ltd. Has $8.88 Million Stock Position in NexGen Energy Ltd. (NYSEAMERICAN:NXE)

Waratah Capital Advisors Ltd. lifted its stake in shares of NexGen Energy Ltd. (NYSEAMERICAN:NXE – Get Rating) by 88.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,567,806 shares of the company’s stock after purchasing an additional 736,511 shares during the period. Waratah Capital Advisors Ltd. owned 0.33% of NexGen Energy worth $8,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of NexGen Energy during the 4th quarter worth approximately $53,000. CIBC Asset Management Inc raised its stake in NexGen Energy by 18.1% in the 4th quarter. CIBC Asset Management Inc now owns 342,040 shares of the company’s stock valued at $1,497,000 after acquiring an additional 52,461 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in NexGen Energy in the 4th quarter valued at $72,000. Zweig DiMenna Associates LLC bought a new stake in NexGen Energy in the 1st quarter valued at $4,019,000. Finally, Great Valley Advisor Group Inc. raised its stake in NexGen Energy by 517.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 70,424 shares of the company’s stock valued at $308,000 after acquiring an additional 59,024 shares during the period. Institutional investors own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upgraded NexGen Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 11th. Canaccord Genuity Group upped their price objective on NexGen Energy from C$10.00 to C$10.75 in a report on Friday, April 22nd.

NexGen Energy Stock Up 1.4 %

NYSEAMERICAN:NXE traded up $0.06 during mid-day trading on Friday, hitting $4.23. 2,023,845 shares of the company’s stock were exchanged, compared to its average volume of 1,537,098. The company has a debt-to-equity ratio of 0.21, a current ratio of 12.40 and a quick ratio of 12.40. NexGen Energy Ltd. has a fifty-two week low of $3.39 and a fifty-two week high of $6.56. The company has a market cap of $2.03 billion, a PE ratio of -35.25 and a beta of 1.94.

NexGen Energy (NYSEAMERICAN:NXE – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). On average, research analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

About NexGen Energy

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NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.