Charles Schwab Investment Management Inc. Grows Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Charles Schwab Investment Management Inc. boosted its stake in NexGen Energy Ltd. (NYSE:NXE) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 998,450 shares of the company’s stock after purchasing an additional 19,718 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.18% of NexGen Energy worth $6,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXE. Van ECK Associates Corp lifted its position in NexGen Energy by 50.5% during the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock valued at $30,810,000 after purchasing an additional 1,582,705 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of NexGen Energy by 411.2% in the 2nd quarter. Mackenzie Financial Corp now owns 1,530,574 shares of the company’s stock valued at $10,675,000 after acquiring an additional 1,231,144 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of NexGen Energy in the 3rd quarter valued at about $6,585,000. Millennium Management LLC grew its position in NexGen Energy by 109.6% in the second quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock worth $11,441,000 after acquiring an additional 858,471 shares in the last quarter. Finally, Old West Investment Management LLC increased its stake in NexGen Energy by 61.4% during the third quarter. Old West Investment Management LLC now owns 1,143,028 shares of the company’s stock worth $7,464,000 after acquiring an additional 434,670 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $8.09 on Thursday. The business has a fifty day moving average price of $7.69 and a 200 day moving average price of $6.91. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96. The stock has a market capitalization of $4.57 billion, a P/E ratio of 52.47 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same period last year, the business earned ($0.04) earnings per share. As a group, equities research analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd.

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