Ninepoint Partners LP Increases Position in NexGen Energy (NYSE:NXE)

Ninepoint Partners LP raised its position in NexGen Energy (NYSE:NXE) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Ninepoint Partners LP owned 0.07% of NexGen Energy worth $1,706,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NXE. PNC Financial Services Group Inc. increased its position in shares of NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after acquiring an additional 3,700 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of NexGen Energy during the fourth quarter worth $51,000. Mariner LLC purchased a new stake in shares of NexGen Energy during the fourth quarter worth $68,000. Aptus Capital Advisors LLC purchased a new stake in shares of NexGen Energy during the fourth quarter worth $79,000. Finally, Hsbc Holdings PLC increased its position in shares of NexGen Energy by 22.8% during the fourth quarter. Hsbc Holdings PLC now owns 18,729 shares of the company’s stock worth $124,000 after acquiring an additional 3,473 shares during the period. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

NXE has been the topic of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Desjardins started coverage on shares of NexGen Energy in a research note on Tuesday, June 10th. They set a “buy” rating for the company. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, NexGen Energy presently has an average rating of “Buy”.

NexGen Energy Trading Up 3.7%

Shares of NXE stock opened at $7.10 on Thursday. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $8.96. The company has a market cap of $4.05 billion, a P/E ratio of -44.34 and a beta of 1.55. The firm has a fifty day moving average price of $6.50 and a 200 day moving average price of $5.87.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). On average, equities analysts forecast that NexGen Energy will post -0.05 EPS for the current year.

NexGen Energy 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.