Legacy Capital Group California Inc. Buys 23,812 Shares of NexGen Energy Ltd. (NYSE:NXE)

Legacy Capital Group California Inc. grew its stake in NexGen Energy Ltd. (NYSE:NXE) by 132.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 41,773 shares of the company’s stock after acquiring an additional 23,812 shares during the period. Legacy Capital Group California Inc.’s holdings in NexGen Energy were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new position in shares of NexGen Energy in the third quarter valued at about $6,585,000. Swiss National Bank raised its position in shares of NexGen Energy by 12.9% in the first quarter. Swiss National Bank now owns 989,000 shares of the company’s stock valued at $7,686,000 after purchasing an additional 112,700 shares during the period. Van ECK Associates Corp raised its position in shares of NexGen Energy by 23.3% in the first quarter. Van ECK Associates Corp now owns 1,852,355 shares of the company’s stock valued at $14,395,000 after purchasing an additional 350,017 shares during the period. Millennium Management LLC increased its position in NexGen Energy by 109.6% during 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 during the period. Finally, Russell Investments Group Ltd. increased its position in NexGen Energy by 316.0% during the first quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company’s stock worth $1,140,000 after acquiring an additional 111,283 shares during the period. 42.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NXE has been the topic of a number of recent research reports. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Ventum Cap Mkts raised shares of NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Two research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $11.00.

NexGen Energy Stock Performance

NYSE:NXE opened at $7.53 on Friday. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.88. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of -753.00 and a beta of 1.91. The firm’s 50-day simple moving average is $6.47 and its 200 day simple moving average is $6.92.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. During the same quarter last year, the company earned ($0.03) EPS. Sell-side analysts anticipate that NexGen Energy Ltd. will post -0.09 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.