Goehring & Rozencwajg Associates LLC Cuts Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Goehring & Rozencwajg Associates LLC lowered its stake in NexGen Energy Ltd. (NYSE:NXE) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,440,874 shares of the company’s stock after selling 18,785 shares during the period. NexGen Energy makes up approximately 2.0% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 20th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in NexGen Energy were worth $10,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NXE. Larson Financial Group LLC grew its position in NexGen Energy by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock worth $69,000 after acquiring an additional 5,827 shares during the last quarter. Silver Lake Advisory LLC bought a new position in shares of NexGen Energy in the fourth quarter worth approximately $73,000. DekaBank Deutsche Girozentrale purchased a new position in shares of NexGen Energy in the third quarter worth $76,000. SevenBridge Financial Group LLC purchased a new position in shares of NexGen Energy in the third quarter worth $87,000. Finally, New Harbor Financial Group LLC raised its holdings in NexGen Energy by 20.0% during the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Up 1.3 %

Shares of NexGen Energy stock opened at $6.54 on Friday. The company’s fifty day simple moving average is $7.15 and its two-hundred day simple moving average is $6.86. NexGen Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $8.96. The firm has a market cap of $3.72 billion, a PE ratio of 43.57 and a beta of 1.94.

NexGen Energy (NYSE:NXE) last posted its earnings results 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 prior year, the company earned ($0.04) earnings per share. As a group, sell-side analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share 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.