Investment Management Corp of Ontario Acquires 3,200 Shares of NexGen Energy Ltd. (NYSE:NXE)

Investment Management Corp of Ontario increased its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 14.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,070 shares of the company’s stock after purchasing an additional 3,200 shares during the period. Investment Management Corp of Ontario’s holdings in NexGen Energy were worth $164,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NXE. The Manufacturers Life Insurance Company grew its position in shares of NexGen Energy by 792.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock worth $46,434,000 after buying an additional 6,317,538 shares during the period. Van ECK Associates Corp grew its holdings in NexGen Energy by 50.5% in the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock worth $30,810,000 after purchasing an additional 1,582,705 shares during the period. TD Asset Management Inc raised its holdings in shares of NexGen Energy by 1.5% during the second quarter. TD Asset Management Inc now owns 3,131,701 shares of the company’s stock valued at $21,834,000 after purchasing an additional 47,394 shares during the period. Bank of Montreal Can boosted its position in shares of NexGen Energy by 20.8% during the 2nd quarter. Bank of Montreal Can now owns 1,807,849 shares of the company’s stock worth $12,946,000 after purchasing an additional 311,091 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of NexGen Energy by 109.6% in the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock valued at $11,441,000 after buying an additional 858,471 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd.

NexGen Energy Trading Down 1.2 %

NXE opened at $8.37 on Monday. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 55.80 and a beta of 1.91. The company’s fifty day moving average price is $7.63 and its two-hundred day moving average price is $6.91. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter last year, the company earned ($0.04) EPS. As a group, equities analysts forecast that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

NexGen Energy 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.