NexGen Energy Ltd. (NYSE:NXE) Shares Acquired by Hood River Capital Management LLC

Hood River Capital Management LLC increased its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 835,260 shares of the company’s stock after purchasing an additional 6,228 shares during the period. Hood River Capital Management LLC owned approximately 0.15% of NexGen Energy worth $5,830,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NXE. Vanguard Group Inc. increased its holdings in shares of NexGen Energy by 5,020.5% in the 1st quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after purchasing an additional 15,905,444 shares in the last quarter. MMCAP International Inc. SPC lifted its position in shares of NexGen Energy by 1,627.2% during the 1st quarter. MMCAP International Inc. SPC now owns 3,564,665 shares of the company’s stock valued at $27,697,000 after acquiring an additional 3,358,278 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of NexGen Energy by 74.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company’s stock worth $23,393,000 after acquiring an additional 1,430,709 shares in the last quarter. L1 Capital Pty Ltd grew its holdings in shares of NexGen Energy by 6.3% in the 1st quarter. L1 Capital Pty Ltd now owns 24,083,310 shares of the company’s stock worth $187,127,000 after acquiring an additional 1,423,317 shares during the period. Finally, Van ECK Associates Corp increased its stake in NexGen Energy by 69.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,135,565 shares of the company’s stock valued at $21,880,000 after purchasing an additional 1,283,210 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

NXE has been the topic of several research reports. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Ventum Cap Mkts raised shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Strong Buy” and an average price target of $11.00.

NexGen Energy Stock Performance

NexGen Energy stock opened at $6.51 on Tuesday. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.88. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of -650.50 and a beta of 1.91. The stock has a fifty day moving average of $5.99 and a two-hundred day moving average of $7.01.

NexGen Energy (NYSE:NXE) last announced its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same quarter last year, the company posted ($0.03) earnings per share. On average, analysts forecast that NexGen Energy Ltd. will post -0.09 EPS 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 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.