NexGen Energy Target of Unusually Large Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 42,539 put options on the stock. This represents an increase of 591% compared to the typical volume of 6,159 put options.

Analyst Upgrades and Downgrades

Separately, Scotiabank started coverage on shares of NexGen Energy in a research note on Monday, April 1st. They issued a “sector outperform” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its holdings in NexGen Energy by 3.2% in the 4th quarter. Legal & General Group Plc now owns 68,286 shares of the company’s stock valued at $302,000 after acquiring an additional 2,147 shares during the period. Mackenzie Financial Corp raised its holdings in NexGen Energy by 1.3% in the 3rd quarter. Mackenzie Financial Corp now owns 192,591 shares of the company’s stock valued at $1,079,000 after acquiring an additional 2,550 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of NexGen Energy by 56.3% during the first quarter. Advisor Group Holdings Inc. now owns 7,498 shares of the company’s stock worth $42,000 after purchasing an additional 2,700 shares during the period. CIBC Asset Management Inc increased its holdings in shares of NexGen Energy by 0.9% during the first quarter. CIBC Asset Management Inc now owns 367,515 shares of the company’s stock worth $1,410,000 after purchasing an additional 3,252 shares during the period. Finally, Triasima Portfolio Management inc. increased its holdings in shares of NexGen Energy by 1.5% during the fourth quarter. Triasima Portfolio Management inc. now owns 248,783 shares of the company’s stock worth $1,744,000 after purchasing an additional 3,601 shares during the period. 42.43% of the stock is owned by institutional investors.

NexGen Energy Trading Down 2.2 %

Shares of NYSE:NXE opened at $7.67 on Thursday. NexGen Energy has a 52-week low of $3.49 and a 52-week high of $8.88. The company has a market capitalization of $4.14 billion, a P/E ratio of 383.50 and a beta of 1.90. The company has a 50-day simple moving average of $7.62 and a 200 day simple moving average of $6.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 11.00 and a current ratio of 11.00.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Sell-side analysts forecast that NexGen Energy will post -0.1 earnings per share for the current year.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.