NexGen Energy $NXE Shares Purchased by Kingdon Capital Management L.L.C.

Kingdon Capital Management L.L.C. raised its holdings in shares of NexGen Energy (NYSE:NXE) by 10.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,177,837 shares of the company’s stock after purchasing an additional 200,000 shares during the period. NexGen Energy accounts for approximately 2.4% of Kingdon Capital Management L.L.C.’s portfolio, making the stock its 7th biggest holding. Kingdon Capital Management L.L.C.’s holdings in NexGen Energy were worth $19,492,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Millennium Management LLC grew its position in NexGen Energy by 15.3% during the first quarter. Millennium Management LLC now owns 4,101,588 shares of the company’s stock valued at $18,407,000 after purchasing an additional 543,179 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of NexGen Energy by 7.3% during the 1st quarter. NewEdge Advisors LLC now owns 151,423 shares of the company’s stock valued at $680,000 after buying an additional 10,266 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of NexGen Energy by 1.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock valued at $13,412,000 after acquiring an additional 36,510 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of NexGen Energy in the first quarter worth $165,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of NexGen Energy by 13.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock worth $3,166,000 after acquiring an additional 81,167 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research note on Wednesday, January 14th. UBS Group assumed coverage on shares of NexGen Energy in a research report on Thursday, March 5th. They set a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

NexGen Energy Stock Down 2.9%

NYSE:NXE opened at $12.10 on Monday. The company’s 50 day moving average is $12.08 and its 200-day moving average is $9.89. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $13.96. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of -31.84 and a beta of 1.41.

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

NexGen Energy 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.