DekaBank Deutsche Girozentrale Has $77,000 Position in NexGen Energy $NXE

DekaBank Deutsche Girozentrale raised its stake in NexGen Energy (NYSE:NXE) by 318.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,651 shares of the company’s stock after purchasing an additional 8,866 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NexGen Energy were worth $77,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Asset Management Inc increased its holdings in shares of NexGen Energy by 30.1% in the second quarter. TD Asset Management Inc now owns 3,298,902 shares of the company’s stock valued at $22,871,000 after purchasing an additional 762,364 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of NexGen Energy by 139.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 36,833 shares of the company’s stock valued at $256,000 after acquiring an additional 21,445 shares during the period. Verde Servicos Internacionais S.A. bought a new stake in shares of NexGen Energy in the second quarter valued at about $868,000. Rye Brook Capital LLC boosted its position in shares of NexGen Energy by 6.3% in the second quarter. Rye Brook Capital LLC now owns 767,900 shares of the company’s stock valued at $5,329,000 after acquiring an additional 45,300 shares during the period. Finally, Sava Infond d.o.o. boosted its position in shares of NexGen Energy by 14.3% in the second quarter. Sava Infond d.o.o. now owns 16,000 shares of the company’s stock valued at $111,000 after acquiring an additional 2,000 shares during the period. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NXE has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a research report on Wednesday, October 8th. Zacks Research raised shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. Finally, TD Securities reissued a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NexGen Energy presently has an average rating of “Moderate Buy”.

NexGen Energy Price Performance

NexGen Energy stock opened at $8.50 on Tuesday. The business has a 50 day moving average of $8.27 and a 200-day moving average of $6.93. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $9.80. The company has a market capitalization of $5.17 billion, a P/E ratio of -33.98 and a beta of 1.44.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Equities analysts anticipate that NexGen Energy will post -0.05 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 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.