NexGen Energy $NXE Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its position in shares of NexGen Energy (NYSE:NXE) by 173.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,621 shares of the company’s stock after purchasing an additional 158,474 shares during the period. Fulcrum Asset Management LLP’s holdings in NexGen Energy were worth $2,280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Amundi increased its stake in NexGen Energy by 45.0% during the second quarter. Amundi now owns 3,020,476 shares of the company’s stock worth $28,362,000 after purchasing an additional 936,908 shares during the period. Wellington Management Group LLP acquired a new stake in shares of NexGen Energy during the second quarter worth about $4,507,000. Bank of America Corp DE purchased a new position in shares of NexGen Energy in the second quarter valued at approximately $13,674,000. Janus Henderson Group PLC boosted its stake in shares of NexGen Energy by 107.0% in the first quarter. Janus Henderson Group PLC now owns 799,183 shares of the company’s stock valued at $9,248,000 after purchasing an additional 413,061 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of NexGen Energy in the second quarter valued at approximately $1,448,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Stock Down 5.0%

Shares of NYSE NXE opened at $8.31 on Wednesday. The business has a 50-day moving average of $9.04 and a two-hundred day moving average of $10.62. NexGen Energy has a 1 year low of $7.33 and a 1 year high of $13.96.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04).

Key Stories Impacting NexGen Energy

Here are the key news stories impacting NexGen Energy this week:

• Positive Sentiment: NexGen reported a narrower quarterly loss, while the Rook I project continued to advance—developments that may support investor confidence in the company’s longer-term growth prospects. Article: NexGen Energy posts narrower quarterly loss as Rook I project advances
• Neutral Sentiment: The company released its Q3 and nine-month results and related financial statements. The provided reports do not detail additional operational or financial developments that would clearly change the outlook. Article: NexGen Energy reports Q3 and nine-month results
• Negative Sentiment: NexGen reported a loss of $0.06 per share, missing the consensus estimate of a $0.02 loss. The larger-than-expected loss could weigh on sentiment and temper the positive impact of the narrower quarterly loss. Article: NexGen Energy quarterly earnings

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NXE. JPMorgan Chase & Co. started coverage on shares of NexGen Energy in a research note on Monday, September 21st. They set an “overweight” rating and a $14.00 target price on the stock. Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 25th. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a research note on Friday, August 28th. Finally, Jefferies Financial Group started coverage on NexGen Energy in a research report on Thursday, September 3rd. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, NexGen Energy presently has an average rating of “Moderate Buy” and an average price target of $14.00.

NexGen Energy Profile

NexGen Energy is a Canadian uranium exploration and development company focused on advancing uranium projects toward potential production. Its activities include mineral exploration, project planning, engineering and permitting. The company’s flagship asset is the Rook I Project in Saskatchewan’s Athabasca Basin, a major uranium-producing region. Rook I contains the Arrow deposit, which NexGen is working to develop as a potential uranium mine. NexGen’s operations are centered in Canada. The company is in the development stage and is not currently a uranium producer.