Driehaus Capital Management LLC Cuts Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Driehaus Capital Management LLC reduced its holdings in NexGen Energy Ltd. (NYSE:NXE) by 37.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,761,542 shares of the company’s stock after selling 1,642,259 shares during the period. Driehaus Capital Management LLC owned approximately 0.49% of NexGen Energy worth $19,266,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank grew its stake in shares of NexGen Energy by 12.9% in the 1st quarter. Swiss National Bank now owns 989,000 shares of the company’s stock worth $7,686,000 after buying an additional 112,700 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of NexGen Energy by 23.3% in the 1st quarter. Van ECK Associates Corp now owns 1,852,355 shares of the company’s stock worth $14,395,000 after buying an additional 350,017 shares in the last quarter. Southland Equity Partners LLC grew its stake 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 worth $166,000 after buying an additional 3,840 shares in the last quarter. Bornite Capital Management LP purchased a new position in shares of NexGen Energy in the 4th quarter worth $3,630,000. Finally, Russell Investments Group Ltd. grew its stake in shares of NexGen Energy by 316.0% in the 1st quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company’s stock worth $1,140,000 after buying an additional 111,283 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

NexGen Energy Trading Down 0.5 %

NexGen Energy stock opened at $6.63 on Friday. The firm has a 50-day moving average price of $5.98 and a 200-day moving average price of $6.99. The firm has a market capitalization of $3.72 billion, a PE ratio of -663.00 and a beta of 1.91. NexGen Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $8.88.

NexGen Energy (NYSE:NXE) last released its earnings results 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 quarter in the prior year, the business posted ($0.03) earnings per share. As a group, sell-side analysts predict that NexGen Energy Ltd. will post -0.09 earnings per share for the current fiscal 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.