Stanley Laman Group Ltd. Boosts Stake in NexGen Energy Ltd. (NYSE:NXE)

Stanley Laman Group Ltd. grew its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 480,049 shares of the company’s stock after acquiring an additional 3,315 shares during the quarter. Stanley Laman Group Ltd. owned 0.09% of NexGen Energy worth $3,351,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Lodestone Wealth Management LLC purchased a new stake in shares of NexGen Energy during the first quarter worth $91,000. Spartan Fund Management Inc. bought a new stake in NexGen Energy in the 4th quarter valued at $86,000. Southland Equity Partners LLC grew its stake in shares of NexGen Energy by 22.0% in the first quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock valued at $166,000 after acquiring an additional 3,840 shares in the last quarter. U S Global Investors Inc. bought a new stake in shares of NexGen Energy during the 1st quarter valued at $194,000. Finally, Rathbones Group PLC grew its position in NexGen Energy by 15.3% during the fourth quarter. Rathbones Group PLC now owns 32,531 shares of the company’s stock valued at $229,000 after acquiring an additional 4,310 shares during the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

NYSE:NXE traded down $0.12 during midday trading on Friday, hitting $5.96. The company’s stock had a trading volume of 2,940,096 shares, compared to its average volume of 5,814,198. The firm has a market cap of $3.35 billion, a P/E ratio of -596.00 and a beta of 1.93. NexGen Energy Ltd. has a fifty-two week low of $4.62 and a fifty-two week high of $8.88. The firm’s 50 day moving average is $6.58 and its 200-day moving average is $7.31.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. During the same quarter in the prior year, the business posted ($0.03) earnings per share. As a group, analysts forecast that NexGen Energy Ltd. will post -0.14 EPS for the current year.

Analyst Ratings Changes

NXE has been the topic of a number of research analyst reports. Ventum Cap Mkts upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. Haywood Securities raised shares of NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th.

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.