US Bancorp DE Sells 1,881 Shares of NexGen Energy Ltd. (NYSE:NXE)

US Bancorp DE decreased its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,430 shares of the company’s stock after selling 1,881 shares during the period. US Bancorp DE’s holdings in NexGen Energy were worth $94,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings 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 worth $126,047,000 after acquiring an additional 15,905,444 shares during the last quarter. L1 Capital Pty Ltd boosted its holdings in 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 purchasing an additional 1,423,317 shares during the last quarter. Van ECK Associates Corp grew its position 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 worth $21,880,000 after purchasing an additional 1,283,210 shares in the last quarter. Mackenzie Financial Corp increased its stake in NexGen Energy by 411.2% in the 2nd quarter. Mackenzie Financial Corp now owns 1,530,574 shares of the company’s stock valued at $10,675,000 after buying an additional 1,231,144 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of NexGen Energy during the 3rd quarter worth approximately $6,585,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $7.38 on Friday. The company has a market capitalization of $4.17 billion, a P/E ratio of 49.20 and a beta of 1.90. The company’s 50-day moving average is $6.93 and its 200 day moving average is $6.87. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.88.

NexGen Energy (NYSE:NXE) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the previous year, the firm posted ($0.04) EPS. As a group, research analysts predict that NexGen Energy Ltd. will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Two investment 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, the stock has a consensus rating of “Strong Buy” and a consensus target price of $11.00.

NexGen Energy Company 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 a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.