NexGen Energy Ltd. (NYSE:NXE) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in NexGen Energy Ltd. (NYSE:NXE) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 255,243 shares of the company’s stock after selling 32,362 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in NexGen Energy were worth $1,780,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in NexGen Energy by 8,635,700.0% during the fourth quarter. BNP Paribas Financial Markets now owns 86,358 shares of the company’s stock worth $605,000 after buying an additional 86,357 shares during the period. TD Asset Management Inc raised its holdings in shares of NexGen Energy by 37.2% in the 4th quarter. TD Asset Management Inc now owns 3,014,160 shares of the company’s stock valued at $21,190,000 after buying an additional 817,897 shares during the period. Scotia Capital Inc. grew its position in NexGen Energy by 30.0% in the 4th quarter. Scotia Capital Inc. now owns 38,086 shares of the company’s stock valued at $266,000 after acquiring an additional 8,792 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of NexGen Energy by 3.7% during the fourth quarter. Bank of Nova Scotia now owns 846,095 shares of the company’s stock worth $5,919,000 after purchasing an additional 30,179 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in shares of NexGen Energy by 15.3% in the fourth quarter. Rathbones Group PLC now owns 32,531 shares of the company’s stock valued at $229,000 after purchasing an additional 4,310 shares during the period. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Down 0.5 %

Shares of NexGen Energy stock opened at $6.63 on Monday. The firm has a market capitalization of $3.72 billion, a P/E ratio of -663.00 and a beta of 1.91. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.88. The firm’s 50 day moving average is $5.98 and its two-hundred day moving average is $6.99.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NXE. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Ventum Cap Mkts upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. Two research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average target price of $11.00.

About NexGen Energy

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.