NexGen Energy $NXE Shares Acquired by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC increased its position in NexGen Energy (NYSE:NXE) by 27.7% in the 2nd quarter, Holdings Channel reports. The firm owned 520,871 shares of the company’s stock after buying an additional 112,871 shares during the period. Titan Global Capital Management USA LLC’s holdings in NexGen Energy were worth $3,615,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in NXE. Confluence Investment Management LLC purchased a new stake in NexGen Energy in the second quarter valued at approximately $483,000. Y Intercept Hong Kong Ltd purchased a new position in shares of NexGen Energy during the second quarter worth approximately $4,038,000. Kapitalo Investimentos Ltda increased its holdings in shares of NexGen Energy by 54.8% in the 2nd quarter. Kapitalo Investimentos Ltda now owns 1,608,804 shares of the company’s stock valued at $11,165,000 after acquiring an additional 569,754 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in NexGen Energy by 11.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company’s stock valued at $178,000 after purchasing an additional 4,075 shares during the last quarter. Finally, Ausbil Investment Management Ltd raised its position in NexGen Energy by 72.6% in the 2nd quarter. Ausbil Investment Management Ltd now owns 107,000 shares of the company’s stock valued at $743,000 after purchasing an additional 45,000 shares during the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Up 4.0%

NYSE NXE opened at $8.46 on Friday. The stock has a market capitalization of $5.53 billion, a P/E ratio of -33.82 and a beta of 1.44. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $9.95. The firm has a 50-day moving average price of $8.63 and a 200 day moving average price of $7.19.

NexGen Energy (NYSE:NXE) last released its earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). On average, equities research analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on NXE shares. Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. TD Securities reiterated a “buy” rating on shares of NexGen Energy in a research note on Friday, August 8th. Zacks Research raised NexGen Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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. 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.