Goehring & Rozencwajg Associates LLC Raises Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Goehring & Rozencwajg Associates LLC grew its holdings in NexGen Energy Ltd. (NYSE:NXE) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,377,139 shares of the company’s stock after acquiring an additional 134,700 shares during the period. NexGen Energy comprises approximately 1.9% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 19th biggest holding. Goehring & Rozencwajg Associates LLC owned about 0.25% of NexGen Energy worth $9,612,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Violich Capital Management Inc. raised its stake in shares of NexGen Energy by 1.3% in the 1st 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 period. Cetera Advisors LLC increased its stake in NexGen Energy by 2.3% during the 1st quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after buying an additional 1,874 shares during the period. HTLF Bank increased its stake in NexGen Energy by 1.6% during the 1st quarter. HTLF Bank now owns 126,426 shares of the company’s stock worth $982,000 after buying an additional 2,000 shares during the period. Stanley Laman Group Ltd. increased its stake in NexGen Energy by 0.7% during the 2nd quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock worth $3,351,000 after buying an additional 3,315 shares during the period. Finally, Southland Equity Partners LLC increased 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 buying an additional 3,840 shares during the period. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NXE. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Ventum Cap Mkts raised shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NexGen Energy presently has a consensus rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Price Performance

Shares of NXE stock opened at $5.72 on Thursday. The firm has a market cap of $3.21 billion, a P/E ratio of -572.00 and a beta of 1.91. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.88. The firm has a fifty day moving average of $6.05 and a two-hundred day moving average of $7.04.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. During the same quarter last year, the business earned ($0.03) EPS. On average, sell-side analysts expect that NexGen Energy Ltd. will post -0.09 EPS for the current 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.