NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lowered its position in NexGen Energy Ltd. (NYSE:NXE) by 61.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 269,013 shares of the company’s stock after selling 434,796 shares during the quarter. Triasima Portfolio Management inc.’s holdings in NexGen Energy were worth $1,875,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NXE. Vanguard Group Inc. increased its holdings in shares of NexGen Energy by 5,020.5% during the 1st quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock worth $126,047,000 after buying an additional 15,905,444 shares during the last quarter. MMCAP International Inc. SPC increased its stake in NexGen Energy by 1,627.2% during the first quarter. MMCAP International Inc. SPC now owns 3,564,665 shares of the company’s stock worth $27,697,000 after acquiring an additional 3,358,278 shares during the last quarter. Goldman Sachs Group Inc. raised its position in NexGen Energy by 74.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company’s stock valued at $23,393,000 after purchasing an additional 1,430,709 shares during the period. L1 Capital Pty Ltd lifted its stake in shares of NexGen Energy by 6.3% in the 1st quarter. L1 Capital Pty Ltd now owns 24,083,310 shares of the company’s stock valued at $187,127,000 after purchasing an additional 1,423,317 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of NexGen Energy by 69.3% during the 2nd quarter. Van ECK Associates Corp now owns 3,135,565 shares of the company’s stock worth $21,880,000 after purchasing an additional 1,283,210 shares during the period. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on NXE. Ventum Cap Mkts upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Haywood Securities raised shares of NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Stock Performance

Shares of NXE traded down $0.12 during mid-day trading on Friday, hitting $5.31. 5,247,679 shares of the company’s stock were exchanged, compared to its average volume of 5,733,710. The stock’s 50-day moving average is $6.27 and its 200-day moving average is $7.12. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.88. The company has a market cap of $2.98 billion, a price-to-earnings ratio of -531.00 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. During the same quarter last year, the business earned ($0.03) EPS. As a group, equities research analysts anticipate that NexGen Energy Ltd. will post -0.09 EPS for the current 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 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.