Raffles Associates LP Buys 50,000 Shares of NexGen Energy Ltd. (NYSE:NXE)

Raffles Associates LP raised its stake in NexGen Energy Ltd. (NYSE:NXE) by 29.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,000 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. NexGen Energy makes up 1.5% of Raffles Associates LP’s holdings, making the stock its 20th biggest position. Raffles Associates LP’s holdings in NexGen Energy were worth $1,437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXE. Cetera Advisors LLC increased its holdings in NexGen Energy by 2.3% in the 1st quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after acquiring an additional 1,874 shares during the last quarter. New Harbor Financial Group LLC increased its stake in shares of NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares in the last quarter. Stanley Laman Group Ltd. raised its position in shares of NexGen Energy by 0.7% in the second quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock valued at $3,351,000 after purchasing an additional 3,315 shares during the period. Toronto Dominion Bank lifted its stake in shares of NexGen Energy by 24.6% during the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock valued at $153,000 after buying an additional 4,338 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in NexGen Energy by 15.8% in the 1st quarter. Tidal Investments LLC now owns 34,409 shares of the company’s stock worth $267,000 after buying an additional 4,702 shares during the period. 42.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

NexGen Energy Stock Up 1.6 %

Shares of NYSE NXE opened at $8.45 on Friday. The company has a market cap of $4.77 billion, a P/E ratio of 56.30 and a beta of 1.90. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.96. The business has a 50-day simple moving average of $7.46 and a two-hundred day simple moving average of $6.90.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the prior year, the company posted ($0.04) EPS. Equities research analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.

NexGen Energy Company 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.