Persistent Asset Partners Ltd Invests $2.13 Million in NexGen Energy $NXE

Persistent Asset Partners Ltd bought a new stake in NexGen Energy (NYSE:NXE) during the second quarter, HoldingsChannel.com reports. The fund bought 226,741 shares of the company’s stock, valued at approximately $2,126,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Old West Investment Management LLC purchased a new stake in NexGen Energy during the 2nd quarter worth $19,115,000. Alberta Investment Management Corp purchased a new position in NexGen Energy in the second quarter valued at about $3,120,000. Fielder Capital Group LLC purchased a new position in NexGen Energy in the second quarter valued at about $2,412,000. Bank of New York Mellon Corp purchased a new position in NexGen Energy in the second quarter valued at about $43,366,000. Finally, Trifecta Capital Advisors LLC acquired a new position in shares of NexGen Energy during the second quarter worth about $46,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Trading Down 0.1%

Shares of NXE stock opened at $10.38 on Monday. The firm has a fifty day simple moving average of $9.73 and a 200-day simple moving average of $11.15. The company has a market capitalization of $6.95 billion, a PE ratio of -25.95 and a beta of 1.40. NexGen Energy has a twelve month low of $6.26 and a twelve month high of $13.96.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NXE shares. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Finally, Wall Street Zen raised NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Three investment 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 MarketBeat, NexGen Energy has a consensus rating of “Hold”.

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.