Stock Traders Purchase Large Volume of NexGen Energy Call Options (NYSE:NXE)

NexGen Energy (NYSE:NXE) saw some unusual options trading on Wednesday. Stock traders bought 12,558 call options on the stock. This is an increase of 62% compared to the typical daily volume of 7,751 call options.

NexGen Energy Stock Down 4.3%

Shares of NexGen Energy stock opened at $8.85 on Friday. The firm has a market cap of $5.92 billion, a P/E ratio of -18.06 and a beta of 1.39. NexGen Energy has a fifty-two week low of $6.26 and a fifty-two week high of $13.96. The business has a 50-day moving average price of $10.44 and a 200 day moving average price of $11.36.

Institutional Investors Weigh In On NexGen Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 during the last quarter. Chicago Partners Investment Group LLC bought a new position in NexGen Energy in the fourth quarter worth about $1,641,000. Vanguard Group Inc. boosted its stake in NexGen Energy by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock valued at $226,901,000 after acquiring an additional 3,304,071 shares during the period. Pinebridge Investments LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $2,938,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of NexGen Energy by 183.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 110,588 shares of the company’s stock valued at $1,017,000 after purchasing an additional 71,618 shares during the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NXE shares. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NexGen Energy Company Profile

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.