Caprock Group LLC Purchases New Stake in NexGen Energy $NXE

Caprock Group LLC acquired a new position in shares of NexGen Energy (NYSE:NXE) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 70,000 shares of the company’s stock, valued at approximately $626,000.

Several other hedge funds also recently modified their holdings of NXE. Cetera Investment Advisers raised its stake in shares of NexGen Energy by 1.4% during the second quarter. Cetera Investment Advisers now owns 128,690 shares of the company’s stock worth $893,000 after buying an additional 1,772 shares during the last quarter. Tidal Investments LLC raised its position in shares of NexGen Energy by 6.9% during the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after acquiring an additional 1,817 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of NexGen Energy by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after acquiring an additional 1,904 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of NexGen Energy by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock valued at $374,000 after purchasing an additional 2,100 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of NexGen Energy by 287,500.0% in the 3rd quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock worth $26,000 after purchasing an additional 2,875 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NexGen Energy currently has an average rating of “Moderate Buy”.

NexGen Energy Price Performance

NXE stock opened at $11.63 on Tuesday. NexGen Energy has a one year low of $3.91 and a one year high of $13.96. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of -28.37 and a beta of 1.44. The company has a fifty day moving average price of $10.80 and a two-hundred day moving average price of $9.14.

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.