Caxton Associates LP Invests $367,000 in NexGen Energy Ltd. (NYSE:NXE)

Caxton Associates LP bought a new position in shares of NexGen Energy Ltd. (NYSE:NXE) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 52,613 shares of the company’s stock, valued at approximately $367,000.

Several other institutional investors also recently modified their holdings of NXE. Larson Financial Group LLC acquired a new position in shares of NexGen Energy during the 2nd quarter worth about $33,000. Lodestone Wealth Management LLC acquired a new position in shares of NexGen Energy during the 1st quarter worth about $91,000. Element Capital Management LLC acquired a new position in shares of NexGen Energy during the 2nd quarter worth about $110,000. Legacy Capital Group California Inc. acquired a new position in shares of NexGen Energy during the 2nd quarter worth about $125,000. Finally, CapWealth Advisors LLC acquired a new position in shares of NexGen Energy during the 2nd quarter worth about $147,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Price Performance

NYSE:NXE opened at $6.63 on Friday. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.88. The stock has a market capitalization of $3.72 billion, a PE ratio of -663.00 and a beta of 1.91. The business’s 50-day simple moving average is $5.98 and its 200-day simple moving average is $7.00.

NexGen Energy (NYSE:NXE) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same period in the prior year, the firm posted ($0.03) earnings per share. On average, research analysts expect that NexGen Energy Ltd. will post -0.09 earnings per share for the current 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 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.