Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in NexGen Energy Ltd. (NYSE:NXE)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 12.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 127,492 shares of the company’s stock after buying an additional 13,802 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NexGen Energy were worth $896,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in NexGen Energy during the 3rd quarter worth about $28,000. Financial Security Advisor Inc. purchased a new stake in shares of NexGen Energy during the third quarter worth about $61,000. Anchor Investment Management LLC acquired a new position in shares of NexGen Energy in the fourth quarter valued at approximately $63,000. Clear Street Markets LLC acquired a new stake in NexGen Energy during the third quarter worth approximately $65,000. Finally, Southland Equity Partners LLC purchased a new stake in NexGen Energy in the 4th quarter worth approximately $123,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank assumed coverage on NexGen Energy in a report on Monday, April 1st. They set a “sector outperform” rating on the stock.

NexGen Energy Trading Up 3.2 %

NXE stock opened at $7.96 on Monday. NexGen Energy Ltd. has a 52 week low of $3.61 and a 52 week high of $8.88. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 398.20 and a beta of 1.90. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $7.65 and a 200-day simple moving average of $7.07.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). On average, equities research analysts expect that NexGen Energy Ltd. will post -0.1 EPS for the current year.

About NexGen Energy

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.