NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its stake in NexGen Energy Ltd. (NYSE:NXE) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 718,969 shares of the company’s stock after selling 21,280 shares during the quarter. Fiera Capital Corp’s holdings in NexGen Energy were worth $5,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NXE. Spartan Fund Management Inc. acquired a new position in NexGen Energy in the 4th quarter valued at about $86,000. Lodestone Wealth Management LLC acquired a new position in shares of NexGen Energy in the first quarter valued at approximately $91,000. Legacy Capital Group California Inc. purchased a new position in shares of NexGen Energy during the second quarter valued at approximately $125,000. Southland Equity Partners LLC boosted its position in NexGen Energy by 22.0% during the first quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock worth $166,000 after acquiring an additional 3,840 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new stake in NexGen Energy in the 1st quarter worth approximately $194,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on NXE shares. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th.

NexGen Energy Stock Performance

NexGen Energy stock opened at $5.48 on Wednesday. NexGen Energy Ltd. has a 1 year low of $4.95 and a 1 year high of $8.88. The firm has a 50 day moving average price of $6.37 and a 200 day moving average price of $7.16. The company has a market cap of $3.09 billion, a price-to-earnings ratio of -546.95 and a beta of 1.93.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same quarter in the previous year, the firm earned ($0.03) EPS. Sell-side analysts predict that NexGen Energy Ltd. will post -0.09 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.