Canton Hathaway LLC Sells 24,200 Shares of NexGen Energy Ltd. (NYSE:NXE)

Canton Hathaway LLC trimmed its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 58.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the company’s stock after selling 24,200 shares during the period. Canton Hathaway LLC’s holdings in NexGen Energy were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NXE. Dynamic Technology Lab Private Ltd acquired a new position in NexGen Energy during the 3rd quarter worth $646,000. SevenBridge Financial Group LLC bought a new stake in shares of NexGen Energy during the third quarter worth $87,000. Larson Financial Group LLC raised its position in shares of NexGen Energy by 122.7% during the third quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock worth $69,000 after acquiring an additional 5,827 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of NexGen Energy by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 998,450 shares of the company’s stock valued at $6,519,000 after acquiring an additional 19,718 shares during the period. Finally, Swiss National Bank boosted its holdings in NexGen Energy by 3.3% in the third quarter. Swiss National Bank now owns 1,048,900 shares of the company’s stock valued at $6,851,000 after acquiring an additional 33,500 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $8.91 on Monday. The firm has a fifty day moving average of $7.22 and a two-hundred day moving average of $6.86. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 59.20 and a beta of 1.90. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.96.

NexGen Energy (NYSE:NXE) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the previous year, the business earned ($0.04) earnings per share. As a group, research analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Two investment 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, NexGen Energy currently has a consensus rating of “Strong Buy” and an average price target of $11.00.

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.