Old West Investment Management LLC Raises Stake in NexGen Energy Ltd. (NYSE:NXE)

Old West Investment Management LLC boosted its stake in NexGen Energy Ltd. (NYSE:NXE) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 708,358 shares of the company’s stock after acquiring an additional 41,808 shares during the period. NexGen Energy accounts for about 2.2% of Old West Investment Management LLC’s holdings, making the stock its 19th biggest position. Old West Investment Management LLC owned about 0.13% of NexGen Energy worth $4,944,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Violich Capital Management Inc. raised its holdings in NexGen Energy by 1.3% during the 1st quarter. Violich Capital Management Inc. now owns 109,400 shares of the company’s stock valued at $850,000 after acquiring an additional 1,400 shares during the period. Cetera Advisors LLC lifted its holdings in NexGen Energy by 2.3% during the 1st quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after purchasing an additional 1,874 shares in the last quarter. HTLF Bank boosted its stake in NexGen Energy by 1.6% in the 1st quarter. HTLF Bank now owns 126,426 shares of the company’s stock worth $982,000 after purchasing an additional 2,000 shares during the period. Stanley Laman Group Ltd. grew its holdings in NexGen Energy by 0.7% during the 2nd quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock valued at $3,351,000 after buying an additional 3,315 shares in the last quarter. Finally, Southland Equity Partners LLC increased its position in shares of NexGen Energy by 22.0% during the first quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock valued at $166,000 after buying an additional 3,840 shares during the period. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 0.3 %

Shares of NYSE NXE opened at $5.75 on Tuesday. The business has a 50-day moving average of $6.11 and a 200-day moving average of $7.07. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -574.50 and a beta of 1.91. NexGen Energy Ltd. has a 12 month low of $4.95 and a 12 month high of $8.88.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. On average, analysts predict that NexGen Energy Ltd. will post -0.09 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on NXE shares. Ventum Cap Mkts raised shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average price target of $11.00.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.