Canton Hathaway LLC Takes $57,000 Position in NexGen Energy $NXE

Canton Hathaway LLC acquired a new position in shares of NexGen Energy (NYSE:NXE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,200 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds have also recently added to or reduced their stakes in NXE. L1 Capital Pty Ltd grew its holdings in NexGen Energy by 11.8% during the 1st quarter. L1 Capital Pty Ltd now owns 30,644,505 shares of the company’s stock worth $137,372,000 after acquiring an additional 3,226,055 shares during the last quarter. Encompass Capital Advisors LLC grew its holdings in NexGen Energy by 249.5% during the 1st quarter. Encompass Capital Advisors LLC now owns 4,153,080 shares of the company’s stock worth $18,635,000 after acquiring an additional 2,964,900 shares during the last quarter. Anson Funds Management LP bought a new stake in NexGen Energy during the 1st quarter worth about $7,846,000. Alps Advisors Inc. grew its holdings in NexGen Energy by 8.3% during the 1st quarter. Alps Advisors Inc. now owns 17,045,672 shares of the company’s stock worth $76,535,000 after acquiring an additional 1,299,255 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in NexGen Energy during the 1st quarter worth about $4,665,000. Institutional investors own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NXE. Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. TD Securities restated a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. Finally, Zacks Research upgraded shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

NexGen Energy Trading Up 1.2%

NexGen Energy stock opened at $9.79 on Friday. The company has a market cap of $5.95 billion, a PE ratio of -39.14 and a beta of 1.44. The company’s 50-day moving average is $8.46 and its two-hundred day moving average is $7.02. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $9.82.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Research analysts forecast that NexGen Energy will post -0.05 EPS for the current year.

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.