Shares of NexGen Energy Ltd. (NYSE:NXE) were downgraded by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in shares of NexGen Energy Ltd. (NYSE:NXE – Free Report) by 53.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,524 shares of the company’s stock after selling 48,627 shares during the quarter. Natixis Advisors LLC’s holdings in NexGen Energy were worth $290,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. L1 Capital Pty Ltd raised its stake in shares of NexGen Energy by 6.3% in the first quarter. L1 Capital Pty Ltd now owns 24,083,310 shares of the company’s stock worth $187,127,000 after purchasing an additional 1,423,317 shares in the last quarter. Vanguard Group Inc. raised its stake in NexGen Energy by 5,020.5% in the first quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after buying an additional 15,905,444 shares during the period. MMCAP International Inc. SPC raised its stake in NexGen Energy by 1,627.2% in the first quarter. MMCAP International Inc. SPC now owns 3,564,665 shares of the company’s stock valued at $27,697,000 after buying an additional 3,358,278 shares during the period. Goldman Sachs Group Inc. boosted its stake in NexGen Energy by 74.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company’s stock valued at $23,393,000 after purchasing an additional 1,430,709 shares during the period. Finally, Van ECK Associates Corp boosted its stake in NexGen Energy by 69.3% in the second quarter. Van ECK Associates Corp now owns 3,135,565 shares of the company’s stock valued at $21,880,000 after buying an additional 1,283,210 shares during the period. Institutional investors own 42.43% of the company’s shares.

Analysts on Wall Street are forecasting an increase

NXE has been the subject of several recent research reports. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. Two research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. NexGen Energy presently has an average rating of “Strong Buy” and a consensus price target of $11.00, based on data from MarketBeat.com.

Get the latest stock analysis on NexGen Energy

NexGen Energy Stock Performance

Shares of NXE stock opened at $5.73 on Friday. NexGen Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $8.88. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -572.50 and a beta of 1.91. The company’s fifty day moving average price is $6.13 and its two hundred day moving average price is $7.08.

NexGen Energy (NYSE:NXE – Get Your Free Report ) last posted its quarterly earnings results 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 period in the previous year, the company earned ($0.03) earnings per share. As a group, research analysts forecast that NexGen Energy Ltd. will post -0.09 EPS for the current year.

NexGen Energy Company Profile

(Free Report)

NexGen Energy Ltd., an exploration and development 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, which comprises 32 contiguous mineral claims totaling 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

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