Dynamic Technology Lab Private Ltd Acquires Shares of 98,893 NexGen Energy Ltd. (NYSE:NXE)

Dynamic Technology Lab Private Ltd bought a new position in NexGen Energy Ltd. (NYSE:NXE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 98,893 shares of the company’s stock, valued at approximately $646,000.

A number of other institutional investors have also modified their holdings of NXE. Cetera Advisors LLC grew its stake in NexGen Energy by 2.3% in the first quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after purchasing an additional 1,874 shares in the last quarter. New Harbor Financial Group LLC grew its position in shares of NexGen Energy by 20.0% during the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after buying an additional 2,500 shares in the last quarter. Stanley Laman Group Ltd. grew its position in shares of NexGen Energy by 0.7% during the 2nd quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock worth $3,351,000 after buying an additional 3,315 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of NexGen Energy by 24.6% during the second quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock valued at $153,000 after buying an additional 4,338 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of NexGen Energy by 15.8% in the first quarter. Tidal Investments LLC now owns 34,409 shares of the company’s stock valued at $267,000 after acquiring an additional 4,702 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

NexGen Energy Price Performance

NexGen Energy stock opened at $8.31 on Friday. The firm has a market cap of $4.70 billion, a P/E ratio of 55.40 and a beta of 1.90. The business has a fifty day moving average of $7.42 and a two-hundred day moving average of $6.89. NexGen Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $8.96.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same period in the previous year, the firm posted ($0.04) earnings per share. Equities analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share for the current 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.