NexGen Energy (NYSE:NXE) Shares Gap Up – What’s Next?

Shares of NexGen Energy Ltd. (NYSE:NXE) gapped up prior to trading on Tuesday . The stock had previously closed at $6.09, but opened at $6.33. NexGen Energy shares last traded at $6.36, with a volume of 1,027,337 shares changing hands.

NexGen Energy Stock Performance

The company has a market capitalization of $3.52 billion, a P/E ratio of 41.17 and a beta of 1.96. The firm has a 50 day moving average price of $7.46 and a two-hundred day moving average price of $6.88.

NexGen Energy (NYSE:NXE) last released 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 posted ($0.04) earnings per share. On average, equities analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kapitalo Investimentos Ltda acquired a new position in shares of NexGen Energy in the 3rd quarter worth approximately $6,585,000. CIBC Asset Management Inc lifted its holdings in NexGen Energy by 13.4% during the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock worth $6,043,000 after buying an additional 109,754 shares in the last quarter. Rye Brook Capital LLC lifted its holdings in NexGen Energy by 18.7% during the 3rd quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after buying an additional 109,500 shares in the last quarter. Millennium Management LLC lifted its holdings in NexGen Energy by 109.6% during the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock worth $11,441,000 after buying an additional 858,471 shares in the last quarter. Finally, Mountaineer Partners Management LLC lifted 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 buying an additional 3,107,214 shares in the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

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.