NexGen Energy (NYSE:NXE) Stock Price Up 4.4%

Shares of NexGen Energy Ltd. (NYSE:NXE) rose 4.4% during trading on Thursday . The stock traded as high as $7.16 and last traded at $7.13. Approximately 1,542,080 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 6,387,049 shares. The stock had previously closed at $6.83.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NXE shares. Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Scotiabank began coverage on shares of NexGen Energy in a research note on Monday, April 1st. They set a “sector outperform” rating on the stock.

NexGen Energy Trading Down 0.3 %

The company’s 50 day simple moving average is $7.70 and its 200-day simple moving average is $7.45.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Sell-side analysts predict that NexGen Energy Ltd. will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NXE. Jump Financial LLC purchased a new position in shares of NexGen Energy during the 3rd quarter worth about $132,000. Swiss National Bank raised its holdings in NexGen Energy by 9.5% in the third quarter. Swiss National Bank now owns 972,400 shares of the company’s stock valued at $5,870,000 after buying an additional 84,400 shares during the period. FMR LLC raised its holdings in NexGen Energy by 99,379.5% in the third quarter. FMR LLC now owns 11,674,918 shares of the company’s stock valued at $69,882,000 after buying an additional 11,663,182 shares during the period. Invesco Ltd. raised its holdings in NexGen Energy by 11.4% in the third quarter. Invesco Ltd. now owns 3,374,628 shares of the company’s stock valued at $20,147,000 after buying an additional 344,242 shares during the period. Finally, Mirabella Financial Services LLP purchased a new position in NexGen Energy in the third quarter valued at approximately $6,593,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

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 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.