NexGen Energy (NYSE:NXE) Releases Earnings Results, Misses Estimates By $0.01 EPS

NexGen Energy (NYSE:NXE) issued its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), Zacks reports.

NexGen Energy Stock Performance

Shares of NYSE NXE traded up $0.33 during trading 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 company has a market cap of $5.53 billion, a P/E ratio of -33.82 and a beta of 1.44. The business’s 50-day moving average is $8.63 and its 200 day moving average is $7.19. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $9.95.

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its stake in NexGen Energy by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock worth $243,000 after purchasing an additional 1,904 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in shares of NexGen Energy by 120.3% in the second quarter. Nomura Holdings Inc. now owns 30,543 shares of the company’s stock worth $212,000 after buying an additional 16,677 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of NexGen Energy by 4.1% in the second quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock worth $374,000 after buying an additional 2,100 shares during the period. Ion Asset Management Ltd. purchased a new position in shares of NexGen Energy in the second quarter worth approximately $465,000. Finally, Sender Co & Partners Inc. acquired a new stake in shares of NexGen Energy during the second quarter valued at approximately $180,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. Zacks Research upgraded shares of 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 note on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NexGen Energy has a consensus rating of “Moderate Buy”.

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.