Caprock Group LLC Buys Shares of 70,000 NexGen Energy $NXE

Caprock Group LLC purchased a new stake in NexGen Energy (NYSE:NXE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 70,000 shares of the company’s stock, valued at approximately $626,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in NexGen Energy by 287,500.0% during the third quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock valued at $26,000 after acquiring an additional 2,875 shares during the period. CWM LLC acquired a new position in shares of NexGen Energy during the 3rd quarter worth about $41,000. Canton Hathaway LLC bought a new stake in NexGen Energy during the 2nd quarter valued at approximately $57,000. Olympiad Research LP acquired a new stake in NexGen Energy in the 2nd quarter valued at approximately $73,000. Finally, Flow Traders U.S. LLC acquired a new stake in NexGen Energy in the 2nd quarter valued at approximately $76,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analysts Set New Price Targets

NXE has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a report on Thursday, January 22nd. Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Up 0.8%

Shares of NYSE:NXE opened at $11.63 on Tuesday. The firm has a market cap of $7.69 billion, a P/E ratio of -28.37 and a beta of 1.44. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $13.96. The company’s 50-day moving average price is $10.80 and its two-hundred day moving average price is $9.14.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.