XTX Topco Ltd Acquires Shares of 98,038 NexGen Energy Ltd. (NYSE:NXE)

XTX Topco Ltd bought a new position in shares of NexGen Energy Ltd. (NYSE:NXE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 98,038 shares of the company’s stock, valued at approximately $684,000.

A number of other hedge funds also recently modified their holdings of the stock. Violich Capital Management Inc. increased its holdings in NexGen Energy by 1.3% in the 1st quarter. Violich Capital Management Inc. now owns 109,400 shares of the company’s stock valued at $850,000 after buying an additional 1,400 shares during the period. Cetera Advisors LLC raised its position in NexGen Energy by 2.3% during the first quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock valued at $637,000 after purchasing an additional 1,874 shares in the last quarter. Stanley Laman Group Ltd. boosted its holdings in shares of NexGen Energy by 0.7% in the 2nd quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock valued at $3,351,000 after purchasing an additional 3,315 shares in the last quarter. Southland Equity Partners LLC boosted its holdings in shares of NexGen Energy by 22.0% in the 1st quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock valued at $166,000 after purchasing an additional 3,840 shares in the last quarter. Finally, Avalon Capital Management increased its stake in shares of NexGen Energy by 8.3% in the 1st quarter. Avalon Capital Management now owns 54,671 shares of the company’s stock valued at $425,000 after purchasing an additional 4,173 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

Shares of NXE opened at $6.26 on Monday. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.88. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -626.00 and a beta of 1.91. The stock has a fifty day moving average of $6.00 and a 200-day moving average of $7.02.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. During the same period last year, the business earned ($0.03) EPS. As a group, equities analysts forecast that NexGen Energy Ltd. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NXE shares. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, NexGen Energy has a consensus rating of “Strong Buy” and a consensus price target 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 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.