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

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Swiss National Bank boosted its holdings in shares of NexGen Energy by 12.9% in the first quarter. Swiss National Bank now owns 989,000 shares of the company’s stock valued at $7,686,000 after acquiring an additional 112,700 shares during the period. Van ECK Associates Corp raised its position in NexGen Energy by 23.3% during the 1st quarter. Van ECK Associates Corp now owns 1,852,355 shares of the company’s stock worth $14,395,000 after buying an additional 350,017 shares during the last quarter. Southland Equity Partners LLC boosted its holdings in shares of NexGen Energy by 22.0% in the first quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock valued at $166,000 after acquiring an additional 3,840 shares in the last quarter. Bornite Capital Management LP purchased a new stake in shares of NexGen Energy in the fourth quarter valued at about $3,630,000. Finally, Russell Investments Group Ltd. increased its stake in shares of NexGen Energy by 316.0% during the first quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company’s stock worth $1,140,000 after acquiring an additional 111,283 shares during the period. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

NexGen Energy Trading Down 2.2 %

Shares of NYSE:NXE traded down $0.12 during midday trading on Friday, hitting $5.31. 5,247,679 shares of the stock were exchanged, compared to its average volume of 5,733,710. The stock has a market cap of $2.98 billion, a P/E ratio of -531.00 and a beta of 1.91. The company has a 50 day moving average price of $6.27 and a 200-day moving average price of $7.12. NexGen Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $8.88.

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

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.