Kingdon Capital Management L.L.C. Acquires 200,000 Shares of NexGen Energy $NXE

Kingdon Capital Management L.L.C. lifted its stake in shares of NexGen Energy (NYSE:NXE) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,177,837 shares of the company’s stock after purchasing an additional 200,000 shares during the quarter. NexGen Energy comprises about 2.4% of Kingdon Capital Management L.L.C.’s investment portfolio, making the stock its 7th largest holding. Kingdon Capital Management L.L.C. owned 0.33% of NexGen Energy worth $19,492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Cetera Investment Advisers raised its position in shares of NexGen Energy by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 128,690 shares of the company’s stock worth $893,000 after buying an additional 1,772 shares in the last quarter. Tidal Investments LLC raised its holdings in NexGen Energy by 6.9% during the second quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock worth $194,000 after purchasing an additional 1,817 shares in the last quarter. Osaic Holdings Inc. lifted its position in NexGen Energy by 5.7% in the second quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock worth $243,000 after purchasing an additional 1,904 shares during the period. Evergreen Capital Management LLC boosted its stake in NexGen Energy by 4.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock valued at $374,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Cantor Fitzgerald L. P. increased its position in shares of NexGen Energy by 2.9% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 92,715 shares of the company’s stock valued at $830,000 after purchasing an additional 2,606 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Price Performance

NXE stock opened at $12.10 on Monday. The firm has a market capitalization of $7.99 billion, a P/E ratio of -31.84 and a beta of 1.41. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $13.96. The company’s 50 day simple moving average is $12.08 and its 200-day simple moving average is $9.89.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Sell-side analysts predict that NexGen Energy will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NXE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research note on Thursday, January 22nd. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a report on Wednesday, January 14th. Finally, UBS Group started coverage on shares of NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating for the company. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

NexGen Energy Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.