NexGen Energy Ltd. (NYSE:NXE) Shares Sold by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. cut its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 21.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,000 shares of the company’s stock after selling 51,310 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in NexGen Energy were worth $1,213,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NXE. Larson Financial Group LLC acquired a new position in shares of NexGen Energy in the 2nd quarter valued at about $33,000. DekaBank Deutsche Girozentrale acquired a new position in NexGen Energy in the third quarter worth approximately $76,000. New Harbor Financial Group LLC boosted its position in NexGen Energy by 20.0% during the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares during the period. Element Capital Management LLC bought a new stake in NexGen Energy during the second quarter worth approximately $110,000. Finally, Legacy Capital Group California Inc. bought a new stake in NexGen Energy during the second quarter worth approximately $125,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Trading Up 7.0 %

NXE opened at $8.48 on Wednesday. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.88. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 56.50 and a beta of 1.90. The business has a 50 day moving average of $7.04 and a 200-day moving average of $6.85.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the prior year, the company earned ($0.04) earnings per share. Equities analysts predict that NexGen Energy Ltd. will post -0.06 EPS for the current year.

NexGen Energy Company 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 a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.