Raffles Associates LP Has $1.19 Million Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Raffles Associates LP increased its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 17.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,000 shares of the company’s stock after buying an additional 25,000 shares during the period. NexGen Energy accounts for approximately 1.3% of Raffles Associates LP’s holdings, making the stock its 21st biggest position. Raffles Associates LP’s holdings in NexGen Energy were worth $1,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXE. L1 Capital Pty Ltd lifted its holdings in shares of NexGen Energy by 6.3% during the first quarter. L1 Capital Pty Ltd now owns 24,083,310 shares of the company’s stock worth $187,127,000 after buying an additional 1,423,317 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 purchasing an additional 15,905,444 shares during the last quarter. MMCAP International Inc. SPC boosted its holdings in NexGen Energy by 1,627.2% in the 1st quarter. MMCAP International Inc. SPC now owns 3,564,665 shares of the company’s stock valued at $27,697,000 after purchasing an additional 3,358,278 shares during the period. Goldman Sachs Group Inc. grew its position in NexGen Energy by 74.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company’s stock worth $23,393,000 after purchasing an additional 1,430,709 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of NexGen Energy by 69.3% during the second quarter. Van ECK Associates Corp now owns 3,135,565 shares of the company’s stock valued at $21,880,000 after buying an additional 1,283,210 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, NexGen Energy has a consensus rating of “Strong Buy” and an average target price of $11.00.

NexGen Energy Trading Up 3.9 %

NYSE NXE opened at $6.51 on Tuesday. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.88. The stock’s 50 day moving average is $5.99 and its two-hundred day moving average is $7.01. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of -650.50 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, analysts predict that NexGen Energy Ltd. will post -0.09 earnings per share 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 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.