Foresight Wealth Management LLC Takes $62,000 Position in NexGen Energy Ltd. (NYSEAMERICAN:NXE)

Foresight Wealth Management LLC acquired a new position in NexGen Energy Ltd. (NYSEAMERICAN:NXEGet Rating) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $62,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its holdings in NexGen Energy by 22.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,858,574 shares of the company’s stock worth $29,972,000 after buying an additional 1,246,262 shares during the last quarter. Alliancebernstein L.P. increased its holdings in NexGen Energy by 1.5% in the third quarter. Alliancebernstein L.P. now owns 4,070,413 shares of the company’s stock worth $19,253,000 after buying an additional 58,513 shares during the last quarter. Janus Henderson Group PLC increased its holdings in NexGen Energy by 784.2% in the third quarter. Janus Henderson Group PLC now owns 3,444,583 shares of the company’s stock worth $16,323,000 after buying an additional 3,055,030 shares during the last quarter. Titan Global Capital Management USA LLC bought a new stake in NexGen Energy during the third quarter worth approximately $9,999,000. Finally, Toronto Dominion Bank boosted its position in NexGen Energy by 14.1% during the third quarter. Toronto Dominion Bank now owns 2,060,803 shares of the company’s stock worth $9,794,000 after purchasing an additional 255,027 shares during the period. Hedge funds and other institutional investors own 20.98% of the company’s stock.

NXE has been the subject of a number of recent analyst reports. Raymond James upped their target price on NexGen Energy from C$8.50 to C$9.00 in a research report on Thursday, March 3rd. Royal Bank of Canada raised NexGen Energy from a “sector perform” rating to an “outperform” rating in a research report on Monday, April 11th. Zacks Investment Research raised NexGen Energy from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research report on Tuesday, March 8th. Finally, TD Securities decreased their target price on NexGen Energy from C$10.00 to C$9.50 in a research report on Friday, January 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $8.05.

Shares of NXE traded down $0.22 during mid-day trading on Tuesday, hitting $5.65. The company’s stock had a trading volume of 97,390 shares, compared to its average volume of 2,430,564. NexGen Energy Ltd. has a one year low of $3.42 and a one year high of $6.56. The company has a current ratio of 26.00, a quick ratio of 26.00 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -27.95 and a beta of 1.89.

NexGen Energy (NYSEAMERICAN:NXEGet Rating) last posted its quarterly earnings data on Friday, February 25th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Equities analysts predict that NexGen Energy Ltd. will post -0.05 EPS for the current year.

NexGen Energy Profile (Get Rating)

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

Further Reading

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Institutional Ownership by Quarter for NexGen Energy (NYSEAMERICAN:NXE)

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