Rye Brook Capital LLC Has $3.24 Million Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Rye Brook Capital LLC boosted its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 3.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 722,600 shares of the company’s stock after buying an additional 21,600 shares during the quarter. NexGen Energy makes up about 4.1% of Rye Brook Capital LLC’s portfolio, making the stock its 9th largest position. Rye Brook Capital LLC’s holdings in NexGen Energy were worth $3,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NXE. Janney Montgomery Scott LLC grew its position in shares of NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares during the period. Van ECK Associates Corp grew its position in shares of NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after buying an additional 3,762,756 shares during the period. Vontobel Holding Ltd. grew its position in shares of NexGen Energy by 94.0% during the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company’s stock worth $375,000 after buying an additional 27,565 shares during the period. Tcfg Wealth Management LLC grew its position in shares of NexGen Energy by 6.3% during the 4th quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company’s stock worth $412,000 after buying an additional 3,700 shares during the period. Finally, Matauro LLC acquired a new position in shares of NexGen Energy during the 4th quarter worth about $84,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Desjardins began coverage on NexGen Energy in a research report on Tuesday. They set a “buy” rating for the company. Raymond James reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

NexGen Energy Stock Performance

Shares of NXE opened at $6.63 on Friday. The stock has a 50 day simple moving average of $5.51 and a 200 day simple moving average of $6.01. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96. The firm has a market capitalization of $3.77 billion, a PE ratio of 44.17 and a beta of 1.54.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Equities research analysts predict that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

About NexGen Energy

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.