Swiss National Bank Reduces Position in NexGen Energy $NXE

Swiss National Bank trimmed its stake in NexGen Energy (NYSE:NXE) by 1.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,046,400 shares of the company’s stock after selling 13,200 shares during the period. Swiss National Bank owned 0.18% of NexGen Energy worth $4,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Invesco Ltd. increased its position in NexGen Energy by 6.7% in the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company’s stock worth $174,000 after buying an additional 1,656 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of NexGen Energy by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company’s stock valued at $690,000 after acquiring an additional 2,648 shares during the period. Mackenzie Financial Corp increased its holdings in NexGen Energy by 1.3% in the 1st quarter. Mackenzie Financial Corp now owns 233,457 shares of the company’s stock worth $1,046,000 after acquiring an additional 2,933 shares in the last quarter. Hsbc Holdings PLC raised its stake in NexGen Energy by 22.8% during the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company’s stock worth $124,000 after acquiring an additional 3,473 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of NexGen Energy by 11.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company’s stock worth $178,000 after purchasing an additional 4,075 shares in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NXE shares. TD Securities restated a “buy” rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins began coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

NexGen Energy Price Performance

NYSE:NXE opened at $6.5450 on Wednesday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of -26.18 and a beta of 1.45. The business has a 50 day simple moving average of $6.83 and a 200-day simple moving average of $5.87. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $8.96.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). As a group, analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

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.