Sprott Inc. decreased its stake in NexGen Energy Ltd (NYSEAMERICAN:NXE) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,361,976 shares of the company’s stock after selling 36,546 shares during the period. Sprott Inc. owned 0.38% of NexGen Energy worth $2,554,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in NexGen Energy by 4.8% during the 2nd quarter. Toronto Dominion Bank now owns 183,796 shares of the company’s stock worth $285,000 after purchasing an additional 8,501 shares during the period. Dudley & Shanley Inc. boosted its stake in NexGen Energy by 1.1% during the 2nd quarter. Dudley & Shanley Inc. now owns 1,102,500 shares of the company’s stock worth $1,721,000 after purchasing an additional 11,500 shares during the period. CIBC Asset Management Inc boosted its stake in NexGen Energy by 14.2% during the 2nd quarter. CIBC Asset Management Inc now owns 184,756 shares of the company’s stock worth $288,000 after purchasing an additional 22,946 shares during the period. Bank of Montreal Can boosted its stake in NexGen Energy by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 656,706 shares of the company’s stock worth $1,032,000 after purchasing an additional 24,531 shares during the period. Finally, Signition LP acquired a new stake in NexGen Energy during the 2nd quarter worth $73,000.
Separately, Zacks Investment Research upgraded shares of NexGen Energy from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research note on Thursday, July 18th.
NexGen Energy (NYSEAMERICAN:NXE) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01).
NexGen Energy Profile
NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.
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