TD Asset Management Inc Has $22.87 Million Holdings in NexGen Energy $NXE

TD Asset Management Inc boosted its stake in NexGen Energy (NYSE:NXE) by 30.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,298,902 shares of the company’s stock after buying an additional 762,364 shares during the period. TD Asset Management Inc’s holdings in NexGen Energy were worth $22,871,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NXE. Hsbc Holdings PLC lifted its holdings in shares of NexGen Energy by 10.4% during the first quarter. Hsbc Holdings PLC now owns 20,675 shares of the company’s stock valued at $93,000 after acquiring an additional 1,946 shares during the period. Sava Infond d.o.o. increased its position in shares of NexGen Energy by 14.3% during the 2nd quarter. Sava Infond d.o.o. now owns 16,000 shares of the company’s stock worth $111,000 after purchasing an additional 2,000 shares in the last quarter. Rathbones Group PLC lifted its holdings in NexGen Energy by 6.8% during the 1st quarter. Rathbones Group PLC now owns 33,131 shares of the company’s stock valued at $149,000 after purchasing an additional 2,100 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in NexGen Energy by 1.3% during the 1st quarter. Mackenzie Financial Corp now owns 233,457 shares of the company’s stock valued at $1,046,000 after purchasing an additional 2,933 shares during the last quarter. Finally, PenderFund Capital Management Ltd. boosted its position in NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock valued at $52,000 after buying an additional 3,600 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Trading Down 6.1%

Shares of NYSE NXE opened at $8.44 on Friday. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $9.80. The company has a 50-day moving average of $8.08 and a two-hundred day moving average of $6.72. The company has a market cap of $5.13 billion, a PE ratio of -33.74 and a beta of 1.44.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). As a group, equities research analysts forecast that NexGen Energy will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NXE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, October 10th. TD Securities reissued a “buy” rating on shares of NexGen Energy in a research note on Friday, August 8th. Finally, Zacks Research upgraded NexGen Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, NexGen Energy currently has an average rating of “Moderate Buy”.

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.