Lodestone Wealth Management LLC Acquires New Stake in NexGen Energy Ltd. (NYSE:NXE)

Lodestone Wealth Management LLC purchased a new stake in shares of NexGen Energy Ltd. (NYSE:NXE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,667 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds have also bought and sold shares of NXE. Van ECK Associates Corp boosted its stake in shares of NexGen Energy by 23.3% in the first quarter. Van ECK Associates Corp now owns 1,852,355 shares of the company’s stock worth $14,395,000 after acquiring an additional 350,017 shares during the period. Violich Capital Management Inc. raised its position in NexGen Energy by 1.3% during the first quarter. Violich Capital Management Inc. now owns 109,400 shares of the company’s stock valued at $850,000 after purchasing an additional 1,400 shares during the period. Triasima Portfolio Management inc. raised its position in NexGen Energy by 182.9% during the first quarter. Triasima Portfolio Management inc. now owns 703,809 shares of the company’s stock valued at $5,471,000 after purchasing an additional 455,026 shares during the period. HTLF Bank raised its position in NexGen Energy by 1.6% during the first quarter. HTLF Bank now owns 126,426 shares of the company’s stock valued at $982,000 after purchasing an additional 2,000 shares during the period. Finally, U S Global Investors Inc. purchased a new stake in NexGen Energy during the first quarter valued at approximately $194,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NXE stock traded down $0.13 on Friday, hitting $6.97. 1,979,645 shares of the company’s stock were exchanged, compared to its average volume of 6,095,307. NexGen Energy Ltd. has a 12-month low of $4.38 and a 12-month high of $8.88. The firm has a 50 day moving average price of $7.46 and a two-hundred day moving average price of $7.48. The stock has a market cap of $3.91 billion, a P/E ratio of -698.30 and a beta of 1.93.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Sell-side analysts expect that NexGen Energy Ltd. will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank assumed coverage on NexGen Energy in a research note on Monday, April 1st. They set a “sector outperform” rating for the company. Haywood Securities upgraded NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.