NexGen Energy Ltd. (NYSE:NXE) Stock Holdings Lifted by Mountaineer Partners Management LLC

Mountaineer Partners Management LLC raised its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 536.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,686,231 shares of the company’s stock after purchasing an additional 3,107,214 shares during the period. NexGen Energy accounts for about 0.2% of Mountaineer Partners Management LLC’s investment portfolio, making the stock its 14th largest position. Mountaineer Partners Management LLC owned approximately 0.65% of NexGen Energy worth $24,071,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Investment Management Corp of Ontario lifted its position in NexGen Energy by 14.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock worth $164,000 after acquiring an additional 3,200 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of NexGen Energy during the 3rd quarter worth about $4,915,000. Atom Investors LP bought a new stake in NexGen Energy during the 3rd quarter valued at approximately $813,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in NexGen Energy by 7.4% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 274,031 shares of the company’s stock valued at $1,787,000 after buying an additional 18,788 shares during the last quarter. Finally, Raffles Associates LP increased its position in NexGen Energy by 29.4% in the 3rd quarter. Raffles Associates LP now owns 220,000 shares of the company’s stock worth $1,437,000 after buying an additional 50,000 shares during the period. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NexGen Energy Stock Performance

NYSE:NXE opened at $8.12 on Wednesday. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 54.14 and a beta of 1.91. The stock’s fifty day moving average price is $7.53 and its two-hundred day moving average price is $6.90. NexGen Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $8.96.

NexGen Energy (NYSE:NXE) last released its earnings results 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 period in the previous year, the business earned ($0.04) EPS. On average, equities analysts predict that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal 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.