Greenwich Wealth Management LLC Boosts Stock Holdings in NexGen Energy $NXE

Greenwich Wealth Management LLC raised its holdings in shares of NexGen Energy (NYSE:NXE) by 138.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,000 shares of the company’s stock after buying an additional 174,238 shares during the period. Greenwich Wealth Management LLC’s holdings in NexGen Energy were worth $2,760,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. New Harbor Financial Group LLC boosted its holdings in shares of NexGen Energy by 4.3% during the fourth quarter. New Harbor Financial Group LLC now owns 24,500 shares of the company’s stock worth $225,000 after purchasing an additional 1,000 shares during the period. Legacy Capital Group California Inc. boosted its holdings in shares of NexGen Energy by 1.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 86,250 shares of the company’s stock worth $794,000 after purchasing an additional 1,093 shares during the period. Tidal Investments LLC boosted its holdings in shares of NexGen Energy by 6.9% during the second quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock worth $194,000 after purchasing an additional 1,817 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of NexGen Energy by 5.7% during the second quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock worth $243,000 after purchasing an additional 1,904 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in shares of NexGen Energy by 4.1% during the second quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock worth $374,000 after purchasing an additional 2,100 shares during the period. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Stock Performance

Shares of NYSE NXE opened at $12.41 on Wednesday. NexGen Energy has a fifty-two week low of $6.18 and a fifty-two week high of $13.96. The company has a 50 day simple moving average of $11.72 and a two-hundred day simple moving average of $11.08. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of -25.33 and a beta of 1.35.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, analysts forecast that NexGen Energy will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NXE has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.