NexGen Energy $NXE is MMCAP International Inc. SPC’s 6th Largest Position

MMCAP International Inc. SPC raised its stake in shares of NexGen Energy (NYSE:NXE) by 4,759.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,429,898 shares of the company’s stock after buying an additional 2,379,891 shares during the quarter. NexGen Energy comprises approximately 2.3% of MMCAP International Inc. SPC’s holdings, making the stock its 6th largest position. MMCAP International Inc. SPC’s holdings in NexGen Energy were worth $22,355,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in NexGen Energy by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,353,712 shares of the company’s stock valued at $191,180,000 after buying an additional 430,005 shares in the last quarter. AGF Management Ltd. purchased a new stake in NexGen Energy during the 3rd quarter valued at approximately $6,344,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NexGen Energy by 4.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,608,861 shares of the company’s stock valued at $274,103,000 after buying an additional 1,189,516 shares in the last quarter. Old West Investment Management LLC grew its holdings in shares of NexGen Energy by 4.5% in the third quarter. Old West Investment Management LLC now owns 2,649,772 shares of the company’s stock valued at $23,715,000 after purchasing an additional 114,971 shares in the last quarter. Finally, Kapitalo Investimentos Ltda grew its holdings in shares of NexGen Energy by 5.0% in the third quarter. Kapitalo Investimentos Ltda now owns 1,689,155 shares of the company’s stock valued at $15,118,000 after purchasing an additional 80,351 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. UBS Group assumed coverage on shares of NexGen Energy in a report on Thursday, March 5th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Performance

NXE stock opened at $10.99 on Wednesday. The firm has a fifty day moving average price of $11.75 and a 200 day moving average price of $11.00. NexGen Energy has a fifty-two week low of $5.98 and a fifty-two week high of $13.96. The firm has a market cap of $7.26 billion, a PE ratio of -22.43 and a beta of 1.39.

NexGen Energy (NYSE:NXE) last posted its earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). On average, equities analysts predict that NexGen Energy will post -0.22 EPS for the current year.

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.