NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP cut its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 8.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,977,570 shares of the company’s stock after selling 276,222 shares during the period. NexGen Energy comprises approximately 1.3% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 20th biggest holding. Mirabella Financial Services LLP’s holdings in NexGen Energy were worth $19,420,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake 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 valued at $126,047,000 after buying an additional 15,905,444 shares during the last quarter. Van ECK Associates Corp grew its holdings in NexGen Energy by 50.5% during the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock worth $30,810,000 after acquiring an additional 1,582,705 shares during the period. TD Asset Management Inc grew its holdings in NexGen Energy by 1.5% during the second quarter. TD Asset Management Inc now owns 3,131,701 shares of the company’s stock worth $21,834,000 after acquiring an additional 47,394 shares during the period. Bank of Montreal Can raised its position in NexGen Energy by 20.8% during the second quarter. Bank of Montreal Can now owns 1,807,849 shares of the company’s stock valued at $12,946,000 after acquiring an additional 311,091 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in NexGen Energy by 109.6% in the second quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock valued at $11,441,000 after acquiring an additional 858,471 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised 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 issued a strong buy rating to the 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 Stock Up 0.6 %

NYSE:NXE opened at $8.93 on Monday. The stock has a market capitalization of $5.05 billion, a PE 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. The stock’s 50-day moving average price is $7.22 and its 200-day moving average price is $6.86.

NexGen Energy (NYSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Sell-side analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal 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 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.