NexGen Energy $NXE Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. reduced its position in NexGen Energy (NYSE:NXE) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,453,329 shares of the company’s stock after selling 86,649 shares during the quarter. NexGen Energy makes up approximately 0.5% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 16th biggest position. Waratah Capital Advisors Ltd. owned 0.53% of NexGen Energy worth $30,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewGen Equity Long Short Fund acquired a new position in shares of NexGen Energy in the second quarter valued at approximately $8,328,000. CIBC Asset Management Inc boosted its position in NexGen Energy by 203.9% in the 3rd quarter. CIBC Asset Management Inc now owns 1,996,124 shares of the company’s stock valued at $17,877,000 after buying an additional 1,339,326 shares during the period. AGF Management Ltd. acquired a new position in shares of NexGen Energy in the third quarter worth $6,344,000. Y Intercept Hong Kong Ltd grew its stake in shares of NexGen Energy by 20.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 703,500 shares of the company’s stock worth $6,296,000 after acquiring an additional 121,711 shares in the last quarter. Finally, Packer & Co Ltd purchased a new stake in shares of NexGen Energy during the third quarter worth $27,072,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NXE shares. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of “Moderate Buy”.

NexGen Energy Price Performance

NexGen Energy stock opened at $12.86 on Wednesday. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $13.96. The stock has a market cap of $8.49 billion, a PE ratio of -31.36 and a beta of 1.44. The stock’s fifty day moving average is $11.19 and its two-hundred day moving average is $9.37.

About NexGen Energy

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.