Guardian Partners Inc. Buys Shares of 96,001 NexGen Energy $NXE

Guardian Partners Inc. bought a new stake in shares of NexGen Energy (NYSE:NXE) during the first quarter, HoldingsChannel.com reports. The fund bought 96,001 shares of the company’s stock, valued at approximately $1,110,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Leonteq Securities AG lifted its stake in shares of NexGen Energy by 88.2% during the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after acquiring an additional 1,098 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after acquiring an additional 6,528 shares during the period. Flow Traders U.S. LLC bought a new position in NexGen Energy in the 2nd quarter valued at $76,000. Jump Financial LLC purchased a new stake in NexGen Energy in the fourth quarter worth $93,000. Finally, First Trust Advisors LP purchased a new stake in NexGen Energy in the third quarter worth $94,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NXE shares. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NexGen Energy currently has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Performance

Shares of NYSE NXE opened at $9.20 on Wednesday. NexGen Energy has a 52-week low of $6.26 and a 52-week high of $13.96. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of -18.77 and a beta of 1.39. The stock has a 50 day moving average price of $10.03 and a 200 day moving average price of $11.31.

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.