CIBC Asset Management Inc Acquires 109,754 Shares of NexGen Energy Ltd. (NYSE:NXE)

CIBC Asset Management Inc grew its holdings in NexGen Energy Ltd. (NYSE:NXE) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 926,314 shares of the company’s stock after acquiring an additional 109,754 shares during the quarter. CIBC Asset Management Inc owned 0.16% of NexGen Energy worth $6,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NXE. Vanguard Group Inc. boosted its position in shares of NexGen Energy by 5,020.5% in the first quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after acquiring an additional 15,905,444 shares during the period. Van ECK Associates Corp boosted its position in shares of NexGen Energy by 50.5% in the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock valued at $30,810,000 after acquiring an additional 1,582,705 shares during the period. L1 Capital Pty Ltd raised its stake in shares of NexGen Energy by 6.3% in the first quarter. L1 Capital Pty Ltd now owns 24,083,310 shares of the company’s stock valued at $187,127,000 after purchasing an additional 1,423,317 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of NexGen Energy by 411.2% in the second quarter. Mackenzie Financial Corp now owns 1,530,574 shares of the company’s stock valued at $10,675,000 after purchasing an additional 1,231,144 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of NexGen Energy in the third quarter valued at $6,585,000. 42.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Price Performance

NexGen Energy stock opened at $7.38 on Monday. The stock has a fifty day moving average price of $6.93 and a two-hundred day moving average price of $6.85. NexGen Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $8.88. The firm has a market capitalization of $4.17 billion, a P/E ratio of 49.20 and a beta of 1.90.

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