NexGen Energy Ltd. (NYSE:NXE) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 109.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,641,407 shares of the company’s stock after acquiring an additional 858,471 shares during the quarter. Millennium Management LLC owned approximately 0.29% of NexGen Energy worth $11,441,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in shares of NexGen Energy during the second quarter worth $33,000. Lodestone Wealth Management LLC purchased a new stake in NexGen Energy in the 1st quarter valued at about $91,000. Element Capital Management LLC acquired a new position in shares of NexGen Energy during the 2nd quarter valued at about $110,000. Legacy Capital Group California Inc. purchased a new position in shares of NexGen Energy during the 2nd quarter worth about $125,000. Finally, CapWealth Advisors LLC acquired a new stake in shares of NexGen Energy in the second quarter worth approximately $147,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

NexGen Energy Stock Down 2.2 %

Shares of NXE stock opened at $6.76 on Tuesday. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.88. The firm’s 50 day moving average price is $6.01 and its two-hundred day moving average price is $6.96. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -676.00 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, topping analysts’ consensus estimates of ($0.03) by $0.02. During the same quarter in the previous year, the firm earned ($0.03) EPS. On average, equities analysts forecast that NexGen Energy Ltd. will post -0.09 EPS 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.