PenderFund Capital Management Ltd. Acquires Shares of 196,400 NexGen Energy $NXE

PenderFund Capital Management Ltd. bought a new position in shares of NexGen Energy (NYSE:NXE) in the second quarter, HoldingsChannel reports. The fund bought 196,400 shares of the company’s stock, valued at approximately $1,845,000.

Several other institutional investors and hedge funds have also made changes to their positions in NXE. Leonteq Securities AG lifted its position in shares of NexGen Energy by 88.2% during the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after buying an additional 1,098 shares during the last quarter. Trifecta Capital Advisors LLC purchased a new stake in NexGen Energy in the second quarter valued at $46,000. SBI Securities Co. Ltd. boosted its stake in NexGen Energy by 454.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after acquiring an additional 6,528 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in NexGen Energy in the second quarter valued at $76,000. Finally, Jump Financial LLC acquired a new position in NexGen Energy in the fourth quarter valued at $93,000. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Stock Performance

Shares of NXE opened at $11.21 on Friday. NexGen Energy has a fifty-two week low of $7.26 and a fifty-two week high of $13.96. The firm has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $11.06. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of -28.04 and a beta of 1.40.

Analyst Upgrades and Downgrades

NXE has been the topic of a number of research analyst reports. Wall Street Zen upgraded NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Finally, Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NexGen Energy presently has a consensus rating of “Hold”.

NexGen Energy Company 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.