NexGen Energy (NYSE:NXE) Trading Up 10.3% – Still a Buy?

NexGen Energy Ltd. (NYSE:NXE) shares were up 10.3% during mid-day trading on Thursday . The company traded as high as $7.32 and last traded at $7.28. Approximately 1,755,950 shares changed hands during trading, a decline of 70% from the average daily volume of 5,850,524 shares. The stock had previously closed at $6.60.

NexGen Energy Stock Up 2.1 %

The stock has a market cap of $4.21 billion, a PE ratio of 49.60 and a beta of 1.91. The company’s fifty day moving average is $7.60 and its 200 day moving average is $6.89.

NexGen Energy (NYSE:NXE) last posted its earnings results 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 last year, the business posted ($0.04) EPS. Equities analysts expect that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Institutional Investors Weigh In On NexGen Energy

A number of large investors have recently modified their holdings of NXE. Segra Capital Management LLC grew its stake in shares of NexGen Energy by 19.8% during the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after acquiring an additional 1,931,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in NexGen Energy by 792.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after purchasing an additional 6,317,538 shares in the last quarter. Van ECK Associates Corp grew its stake in NexGen Energy by 50.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock valued at $30,810,000 after purchasing an additional 1,582,705 shares in the last quarter. Mountaineer Partners Management LLC increased its holdings in NexGen Energy by 536.6% during the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after purchasing an additional 3,107,214 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of NexGen Energy by 1.5% in the 2nd quarter. TD Asset Management Inc now owns 3,131,701 shares of the company’s stock valued at $21,834,000 after purchasing an additional 47,394 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

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.