NexGen Energy (NYSE:NXE) Shares Gap Up – What’s Next?

NexGen Energy Ltd. (NYSE:NXE)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.09, but opened at $6.33. NexGen Energy shares last traded at $6.36, with a volume of 1,027,337 shares.

NexGen Energy Stock Up 1.6 %

The business has a 50-day simple moving average of $7.46 and a two-hundred day simple moving average of $6.88. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 41.17 and a beta of 1.96.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results 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 prior year, the business earned ($0.04) earnings per share. As a group, equities analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On NexGen Energy

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in shares of NexGen Energy by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after purchasing an additional 1,500 shares during the period. New Harbor Financial Group LLC increased its stake in NexGen Energy by 20.0% during the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after acquiring an additional 2,500 shares during the period. Investment Management Corp of Ontario increased its stake in NexGen Energy by 14.6% during the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock valued at $164,000 after acquiring an additional 3,200 shares during the period. Toronto Dominion Bank increased its stake in 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 acquiring an additional 4,338 shares during the period. Finally, Larson Financial Group LLC increased its stake in NexGen Energy by 122.7% during the third quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after acquiring an additional 5,827 shares during the period. 42.43% of the stock is currently owned by institutional investors.

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.