Guardian Partners Inc. Buys New Stake in NexGen Energy $NXE

Guardian Partners Inc. purchased a new position in NexGen Energy (NYSE:NXE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 96,001 shares of the company’s stock, valued at approximately $1,110,000.

Other hedge funds also recently bought and sold shares of the company. New Harbor Financial Group LLC grew its stake in shares of NexGen Energy by 4.3% in the 4th quarter. New Harbor Financial Group LLC now owns 24,500 shares of the company’s stock worth $225,000 after buying an additional 1,000 shares in the last quarter. Legacy Capital Group California Inc. increased its holdings in shares of NexGen Energy by 1.3% in the 4th quarter. Legacy Capital Group California Inc. now owns 86,250 shares of the company’s stock worth $794,000 after buying an additional 1,093 shares during the last quarter. Leonteq Securities AG raised its position in shares of NexGen Energy by 88.2% during the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after buying an additional 1,098 shares in the last quarter. Tidal Investments LLC raised its position in shares of NexGen Energy by 6.9% during the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after buying an additional 1,817 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of NexGen Energy by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after acquiring an additional 1,904 shares during the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Down 1.3%

NYSE NXE opened at $9.20 on Wednesday. NexGen Energy has a 52 week low of $6.26 and a 52 week high of $13.96. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of -18.77 and a beta of 1.39. The company has a fifty day moving average of $10.03 and a two-hundred day moving average of $11.31.

Analysts Set New Price Targets

Several research firms recently commented on NXE. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NexGen Energy presently has an average rating of “Moderate Buy”.

About NexGen Energy

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.