NexGen Energy $NXE Stock Holdings Lifted by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its holdings in NexGen Energy (NYSE:NXE) by 193.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 212,569 shares of the company’s stock after purchasing an additional 140,015 shares during the period. Banque Cantonale Vaudoise’s holdings in NexGen Energy were worth $1,959,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. CWM LLC bought a new position in shares of NexGen Energy in the 3rd quarter worth about $41,000. SBI Securities Co. Ltd. lifted its position in shares of NexGen Energy by 454.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after buying an additional 6,528 shares during the last quarter. First Trust Advisors LP bought a new position in shares of NexGen Energy in the 3rd quarter worth about $94,000. Flow Traders U.S. LLC bought a new position in shares of NexGen Energy in the 2nd quarter worth about $76,000. Finally, TABR Capital Management LLC bought a new position in shares of NexGen Energy in the 4th quarter worth about $101,000. 42.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on NXE shares. UBS Group started coverage on shares of NexGen Energy in a research report on Thursday, March 5th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Finally, Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Down 0.5%

Shares of NYSE:NXE opened at $10.54 on Friday. The company has a market cap of $6.97 billion, a PE ratio of -21.51 and a beta of 1.39. The company’s 50-day moving average price is $11.85 and its 200 day moving average price is $10.96. NexGen Energy has a fifty-two week low of $5.34 and a fifty-two week high of $13.96.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). As a group, equities analysts anticipate that NexGen Energy will post -0.22 EPS for the current year.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.