Canton Hathaway LLC Has $111,000 Holdings in NexGen Energy Ltd. (NYSE:NXE)

Canton Hathaway LLC decreased its position in NexGen Energy Ltd. (NYSE:NXE) by 58.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the company’s stock after selling 24,200 shares during the quarter. Canton Hathaway LLC’s holdings in NexGen Energy were worth $111,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new stake in shares of NexGen Energy in the third quarter worth $6,585,000. CIBC Asset Management Inc increased its stake in NexGen Energy by 13.4% in the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock valued at $6,043,000 after buying an additional 109,754 shares during the last quarter. Rye Brook Capital LLC lifted its position in NexGen Energy by 18.7% during the 3rd quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after buying an additional 109,500 shares in the last quarter. Millennium Management LLC boosted its stake in shares of NexGen Energy by 109.6% during the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock worth $11,441,000 after buying an additional 858,471 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of NexGen Energy by 316.0% in the 1st quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company’s stock valued at $1,140,000 after acquiring an additional 111,283 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Trading Up 0.3 %

Shares of NXE opened at $8.91 on Monday. The company’s fifty day simple moving average is $7.22 and its 200 day simple moving average is $6.86. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 59.20 and a beta of 1.90.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data 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 period in the prior year, the business posted ($0.04) EPS. As a group, research analysts forecast that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of “Strong Buy” and a consensus target price 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 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.