NexGen Energy $NXE Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in NexGen Energy (NYSE:NXE) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,007,555 shares of the company’s stock after selling 475,515 shares during the period. JPMorgan Chase & Co. owned 0.88% of NexGen Energy worth $34,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in NXE. Compound Planning Inc. purchased a new stake in shares of NexGen Energy in the 1st quarter valued at about $46,000. PenderFund Capital Management Ltd. increased its position in NexGen Energy by 45.0% during the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock worth $52,000 after buying an additional 3,600 shares during the period. Ground Swell Capital LLC purchased a new stake in NexGen Energy in the first quarter valued at approximately $55,000. Canton Hathaway LLC acquired a new stake in shares of NexGen Energy in the second quarter valued at approximately $57,000. Finally, Olympiad Research LP purchased a new position in shares of NexGen Energy during the second quarter worth approximately $73,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NXE. Zacks Research upgraded shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, October 10th. Finally, TD Securities restated a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NexGen Energy currently has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Performance

NXE stock opened at $9.08 on Wednesday. The stock has a market capitalization of $5.94 billion, a PE ratio of -36.30 and a beta of 1.44. The company has a fifty day moving average of $8.71 and a 200-day moving average of $7.58. NexGen Energy has a one year low of $3.91 and a one year high of $9.95.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Equities analysts forecast that NexGen Energy will post -0.05 earnings per share 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.