Swiss National Bank Buys 33,500 Shares of NexGen Energy Ltd. (NYSE:NXE)

Swiss National Bank lifted its position in NexGen Energy Ltd. (NYSE:NXE) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,048,900 shares of the company’s stock after purchasing an additional 33,500 shares during the quarter. Swiss National Bank’s holdings in NexGen Energy were worth $6,851,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NXE. Larson Financial Group LLC bought a new position in shares of NexGen Energy during the second quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of NexGen Energy during the third quarter worth approximately $76,000. New Harbor Financial Group LLC boosted its position in NexGen Energy by 20.0% in 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. Element Capital Management LLC acquired a new position in shares of NexGen Energy during the second quarter valued at $110,000. Finally, Legacy Capital Group California Inc. acquired a new position in shares of NexGen Energy during the second quarter valued at $125,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, NexGen Energy presently has a consensus rating of “Strong Buy” and a consensus target price of $11.00.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $8.32 on Wednesday. The firm has a fifty day moving average of $7.32 and a two-hundred day moving average of $6.87. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 55.44 and a beta of 1.90. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.96.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter last year, the company posted ($0.04) earnings per share. As a group, research analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

About NexGen Energy

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.