Waratah Capital Advisors Ltd. lifted its position in NexGen Energy Ltd. (NYSEAMERICAN:NXE – Get Rating) by 88.6% during the 1st quarter, Holdings Channel reports. The firm owned 1,567,806 shares of the company’s stock after acquiring an additional 736,511 shares during the period. Waratah Capital Advisors Ltd.’s holdings in NexGen Energy were worth $8,877,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in NexGen Energy in the fourth quarter worth $53,000. CIBC Asset Management Inc lifted its stake in NexGen Energy by 18.1% in the fourth quarter. CIBC Asset Management Inc now owns 342,040 shares of the company’s stock worth $1,497,000 after acquiring an additional 52,461 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in NexGen Energy in the fourth quarter worth $72,000. Zweig DiMenna Associates LLC purchased a new stake in NexGen Energy in the first quarter worth $4,019,000. Finally, Great Valley Advisor Group Inc. lifted its stake in NexGen Energy by 517.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 70,424 shares of the company’s stock worth $308,000 after acquiring an additional 59,024 shares during the period. Institutional investors own 24.25% of the company’s stock.
NexGen Energy Stock Performance
NexGen Energy stock traded up $0.06 on Friday, hitting $4.23. 2,023,845 shares of the stock traded hands, compared to its average volume of 1,537,098. The company has a current ratio of 12.40, a quick ratio of 12.40 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.03 billion, a P/E ratio of -35.25 and a beta of 1.94. NexGen Energy Ltd. has a 1 year low of $3.39 and a 1 year high of $6.56.
Analyst Upgrades and Downgrades
NXE has been the subject of a number of research analyst reports. Canaccord Genuity Group raised their price target on NexGen Energy from C$10.00 to C$10.75 in a research note on Friday, April 22nd. Royal Bank of Canada raised NexGen Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 11th.
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. Its principal asset is the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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