NexGen Energy Ltd. (NYSE:NXE) Shares Acquired by Old West Investment Management LLC

Old West Investment Management LLC boosted its position in NexGen Energy Ltd. (NYSE:NXE) by 61.4% in the third quarter, HoldingsChannel.com reports. The firm owned 1,143,028 shares of the company’s stock after purchasing an additional 434,670 shares during the quarter. NexGen Energy comprises approximately 2.7% of Old West Investment Management LLC’s investment portfolio, making the stock its 16th biggest holding. Old West Investment Management LLC’s holdings in NexGen Energy were worth $7,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of NexGen Energy in the first quarter valued at $390,000. Swiss National Bank lifted its holdings in NexGen Energy by 12.9% in the 1st 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 last quarter. Sei Investments Co. acquired a new stake in NexGen Energy in the 1st quarter valued at about $1,028,000. Russell Investments Group Ltd. boosted its position in shares of NexGen Energy by 316.0% during the 1st quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company’s stock valued at $1,140,000 after purchasing an additional 111,283 shares in the last quarter. Finally, Anthracite Investment Company Inc. grew its stake in shares of NexGen Energy by 5.3% in the 1st quarter. Anthracite Investment Company Inc. now owns 1,219,537 shares of the company’s stock worth $9,476,000 after purchasing an additional 61,317 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NexGen Energy presently has a consensus rating of “Strong Buy” and an average target price of $11.00.

NexGen Energy Stock Down 0.7 %

Shares of NexGen Energy stock opened at $7.11 on Wednesday. NexGen Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $8.88. The firm has a market capitalization of $4.02 billion, a PE ratio of 711.71 and a beta of 1.90. The stock’s fifty day moving average is $6.67 and its 200-day moving average is $6.88.

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

NexGen Energy 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.