Mackenzie Financial Corp Purchases 1,231,144 Shares of NexGen Energy Ltd. (NYSE:NXE)

Mackenzie Financial Corp raised its position in NexGen Energy Ltd. (NYSE:NXE) by 411.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,530,574 shares of the company’s stock after acquiring an additional 1,231,144 shares during the period. Mackenzie Financial Corp’s holdings in NexGen Energy were worth $10,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of NexGen Energy by 12.9% in the 1st quarter. Swiss National Bank now owns 989,000 shares of the company’s stock worth $7,686,000 after purchasing an additional 112,700 shares in the last quarter. Van ECK Associates Corp boosted its holdings in NexGen Energy by 23.3% in the first quarter. Van ECK Associates Corp now owns 1,852,355 shares of the company’s stock worth $14,395,000 after acquiring an additional 350,017 shares in the last quarter. Southland Equity Partners LLC grew its stake in shares of NexGen Energy by 22.0% during the first quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock worth $166,000 after acquiring an additional 3,840 shares during the last quarter. Bornite Capital Management LP purchased a new stake in shares of NexGen Energy during the fourth quarter worth about $3,630,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of NexGen Energy by 316.0% during the first quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company’s stock valued at $1,140,000 after acquiring an additional 111,283 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NXE shares. Ventum Cap Mkts upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of $11.00.

NexGen Energy Trading Down 1.6 %

Shares of NYSE:NXE opened at $6.53 on Tuesday. NexGen Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $8.88. The company’s 50 day moving average is $5.98 and its 200 day moving average is $6.98. The company has a market cap of $3.66 billion, a PE ratio of -652.50 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last issued its earnings results 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 quarter in the previous year, the firm posted ($0.03) EPS. Equities research analysts predict that NexGen Energy Ltd. will post -0.09 earnings per share for the current fiscal year.

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.