NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 36.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,500 shares of the company’s stock after selling 15,842 shares during the period. Hsbc Holdings PLC’s holdings in NexGen Energy were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Violich Capital Management Inc. raised its holdings in shares of NexGen Energy by 1.3% during the first quarter. Violich Capital Management Inc. now owns 109,400 shares of the company’s stock valued at $850,000 after acquiring an additional 1,400 shares during the last quarter. Cetera Advisors LLC lifted its holdings in NexGen Energy by 2.3% in the 1st 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. lifted its holdings in 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 stake in NexGen Energy by 22.0% during the 1st quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock worth $166,000 after purchasing an additional 3,840 shares during the last quarter. Finally, Avalon Capital Management grew its holdings in shares of NexGen Energy by 8.3% during the first quarter. Avalon Capital Management now owns 54,671 shares of the company’s stock worth $425,000 after buying an additional 4,173 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 2.7 %

Shares of NXE stock opened at $6.91 on Friday. NexGen Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $8.88. The company’s 50-day moving average price is $6.01 and its 200-day moving average price is $6.97. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -691.00 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last posted 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 business earned ($0.03) earnings per share. As a group, equities research analysts predict that NexGen Energy Ltd. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NXE shares. National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a report 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 presently has a consensus rating of “Strong Buy” and an average price target of $11.00.

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.