NexGen Energy (NYSE:NXE) Posts Earnings Results, Misses Expectations By $0.01 EPS

NexGen Energy (NYSE:NXE) posted its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01), Zacks reports.

NexGen Energy Stock Up 4.0%

NYSE NXE traded up $0.33 during trading hours on Friday, hitting $8.46. The company had a trading volume of 7,501,754 shares, compared to its average volume of 9,496,042. The firm has a market cap of $5.53 billion, a P/E ratio of -33.82 and a beta of 1.44. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $9.95. The business has a fifty day simple moving average of $8.62 and a 200-day simple moving average of $7.17.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. Zacks Research raised NexGen Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. TD Securities reiterated a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NexGen Energy presently has an average rating of “Moderate Buy”.

Institutional Trading of NexGen Energy

A number of large investors have recently modified their holdings of NXE. Millennium Management LLC lifted its position in NexGen Energy by 15.3% in the 1st quarter. Millennium Management LLC now owns 4,101,588 shares of the company’s stock valued at $18,407,000 after purchasing an additional 543,179 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of NexGen Energy by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock valued at $13,412,000 after purchasing an additional 36,510 shares during the period. Vident Advisory LLC raised its holdings in shares of NexGen Energy by 35.1% during the second quarter. Vident Advisory LLC now owns 2,761,974 shares of the company’s stock valued at $19,168,000 after buying an additional 717,183 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in NexGen Energy by 1,674.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 928,237 shares of the company’s stock worth $6,442,000 after buying an additional 875,924 shares in the last quarter. Finally, Amundi grew its holdings in NexGen Energy by 633,807.0% in the 2nd quarter. Amundi now owns 817,740 shares of the company’s stock worth $5,544,000 after buying an additional 817,611 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Company 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.