NexGen Energy Ltd. (NYSE:NXE) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. lessened its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 15.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,350,498 shares of the company’s stock after selling 439,600 shares during the period. 1832 Asset Management L.P. owned about 0.42% of NexGen Energy worth $16,406,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Goehring & Rozencwajg Associates LLC grew its stake in shares of NexGen Energy by 10.8% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,377,139 shares of the company’s stock worth $9,612,000 after purchasing an additional 134,700 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of NexGen Energy during the 2nd quarter worth about $684,000. Old West Investment Management LLC boosted its position in shares of NexGen Energy by 6.3% during the 2nd quarter. Old West Investment Management LLC now owns 708,358 shares of the company’s stock worth $4,944,000 after acquiring an additional 41,808 shares in the last quarter. Element Capital Management LLC purchased a new position in shares of NexGen Energy in the 2nd quarter valued at about $110,000. Finally, CapWealth Advisors LLC acquired a new stake in shares of NexGen Energy during the 2nd quarter worth about $147,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXE has been the subject of a number of research analyst reports. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. National Bank Financial upgraded shares of 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 assigned a strong buy rating to the stock. According to data from MarketBeat, NexGen Energy has an average rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Stock Performance

NexGen Energy stock opened at $6.51 on Tuesday. The company has a market capitalization of $3.65 billion, a P/E ratio of -650.50 and a beta of 1.91. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.88. The stock has a 50-day simple moving average of $5.99 and a 200-day simple moving average of $7.01.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. During the same period in the previous year, the firm posted ($0.03) earnings per share. As a group, analysts forecast that NexGen Energy Ltd. will post -0.09 earnings per share 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.