NexGen Energy Ltd. (NYSE:NXE – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $7.62, but opened at $8.08. NexGen Energy shares last traded at $7.96, with a volume of 1,682,723 shares.
Wall Street Analysts Forecast Growth
Separately, Scotiabank assumed coverage on shares of NexGen Energy in a research note on Monday, April 1st. They set a “sector outperform” rating on the stock.
View Our Latest Stock Analysis on NexGen Energy
NexGen Energy Trading Up 3.5 %
NexGen Energy (NYSE:NXE – Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). As a group, analysts expect that NexGen Energy Ltd. will post -0.1 EPS for the current year.
Hedge Funds Weigh In On NexGen Energy
A number of large investors have recently modified their holdings of NXE. Headlands Technologies LLC purchased a new position in NexGen Energy during the 3rd quarter worth $28,000. Financial Security Advisor Inc. purchased a new position in NexGen Energy during the third quarter worth about $61,000. Anchor Investment Management LLC bought a new stake in NexGen Energy in the 4th quarter worth about $63,000. Clear Street Markets LLC purchased a new stake in NexGen Energy in the 3rd quarter valued at about $65,000. Finally, Spartan Fund Management Inc. bought a new position in shares of NexGen Energy during the 4th quarter worth approximately $86,000. 42.43% of the stock is currently owned by institutional investors.
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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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