NexGen Energy (NYSE:NXE) Shares Gap Up – Here’s What Happened

NexGen Energy Ltd. (NYSE:NXE)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $8.12, but opened at $8.45. NexGen Energy shares last traded at $8.50, with a volume of 1,064,580 shares.

Analyst Ratings Changes

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd.

NexGen Energy Price Performance

The company has a market capitalization of $4.65 billion, a PE ratio of 54.14 and a beta of 1.91. The firm has a 50-day moving average of $7.53 and a 200 day moving average of $6.90.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the previous year, the company earned ($0.04) EPS. Equities analysts expect that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in NexGen Energy in the 3rd quarter worth about $98,000. Barclays PLC boosted its holdings in NexGen Energy by 328.3% in the third quarter. Barclays PLC now owns 187,861 shares of the company’s stock worth $1,227,000 after acquiring an additional 143,996 shares in the last quarter. Toronto Dominion Bank grew its position in NexGen Energy by 719.6% during the 3rd quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock worth $1,176,000 after purchasing an additional 158,160 shares during the last quarter. Segra Capital Management LLC increased its position in shares of NexGen Energy by 19.8% in the 3rd 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 during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of NexGen Energy in the third quarter worth about $852,000. Hedge funds and other institutional investors 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.