Legacy Capital Group California Inc. Acquires New Position in NexGen Energy Ltd. (NYSE:NXE)

Legacy Capital Group California Inc. bought a new position in NexGen Energy Ltd. (NYSE:NXE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,961 shares of the company’s stock, valued at approximately $125,000.

Other large investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in shares of NexGen Energy by 39.8% during the fourth quarter. Mackenzie Financial Corp now owns 269,159 shares of the company’s stock valued at $1,884,000 after purchasing an additional 76,568 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NexGen Energy by 12.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,492 shares of the company’s stock valued at $896,000 after buying an additional 13,802 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of NexGen Energy by 24.1% during the fourth quarter. Van ECK Associates Corp now owns 1,502,338 shares of the company’s stock valued at $10,489,000 after acquiring an additional 292,110 shares during the period. Garnet Equity Capital Holdings Inc. increased its holdings in shares of NexGen Energy by 15.4% in the 4th quarter. Garnet Equity Capital Holdings Inc. now owns 375,000 shares of the company’s stock worth $2,625,000 after acquiring an additional 50,000 shares during the period. Finally, Fielder Capital Group LLC bought a new stake in NexGen Energy in the 4th quarter valued at about $2,460,000. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Stock Performance

Shares of NYSE NXE traded up $0.01 during mid-day trading on Wednesday, reaching $6.01. The company had a trading volume of 3,173,520 shares, compared to its average volume of 5,767,861. The stock has a market capitalization of $3.37 billion, a PE ratio of -600.00 and a beta of 1.93. NexGen Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $8.88. The stock’s 50 day moving average is $6.55 and its 200-day moving average is $7.27.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same quarter last year, the business posted ($0.03) earnings per share. On average, sell-side analysts anticipate that NexGen Energy Ltd. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on NXE shares. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th. Ventum Cap Mkts upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th.

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.