Bank of Montreal Can Has $4.19 Million Stake in NexGen Energy Ltd. (NYSEAMERICAN:NXE)

Bank of Montreal Can increased its holdings in shares of NexGen Energy Ltd. (NYSEAMERICAN:NXE) by 8.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 982,407 shares of the company’s stock after acquiring an additional 80,573 shares during the period. Bank of Montreal Can’s holdings in NexGen Energy were worth $4,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gotham Asset Management LLC lifted its stake in NexGen Energy by 36.6% in the first quarter. Gotham Asset Management LLC now owns 18,539 shares of the company’s stock valued at $67,000 after acquiring an additional 4,968 shares during the last quarter. Quilter Plc lifted its stake in shares of NexGen Energy by 22.8% during the 2nd quarter. Quilter Plc now owns 30,677 shares of the company’s stock worth $126,000 after buying an additional 5,689 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of NexGen Energy by 79.0% during the 2nd quarter. Advisor Group Holdings Inc. now owns 14,508 shares of the company’s stock worth $59,000 after buying an additional 6,404 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of NexGen Energy by 26.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,359 shares of the company’s stock worth $164,000 after buying an additional 8,155 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of NexGen Energy by 56.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 25,717 shares of the company’s stock worth $92,000 after buying an additional 9,283 shares during the last quarter. Institutional investors and hedge funds own 18.24% of the company’s stock.

Shares of NexGen Energy stock opened at $6.11 on Thursday. The company has a market cap of $2.91 billion, a P/E ratio of -18.51 and a beta of 2.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 41.31 and a current ratio of 41.31. NexGen Energy Ltd. has a 1 year low of $1.61 and a 1 year high of $6.18.

NexGen Energy (NYSEAMERICAN:NXE) last announced its quarterly earnings results on Wednesday, August 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Equities research analysts forecast that NexGen Energy Ltd. will post -0.17 EPS for the current year.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada cut shares of NexGen Energy from an “outperform” rating to a “sector perform” rating and set a C$6.00 target price for the company. in a research note on Wednesday, June 23rd. TD Securities raised their price target on shares of NexGen Energy from C$7.00 to C$10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 15th. Zacks Investment Research lowered shares of NexGen Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 10th. Raymond James raised their price target on shares of NexGen Energy from C$7.50 to C$8.50 and gave the stock an “outperform” rating in a research report on Friday, September 17th. Finally, Canaccord Genuity boosted their target price on shares of NexGen Energy from C$7.00 to C$10.00 and gave the company a “buy” rating in a research report on Thursday, September 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.46.

NexGen Energy Company Profile

NexGen Energy Ltd. engages in the acquisition, exploration, and development of uranium properties. Its uranium project portfolio includes Arrow, South Arrow, Harpoon, Rook I, IsoEnergy, and SW1 property. The company was founded by Leigh B. Curyer on March 8, 2011 and is headquartered in Vancouver, Canada.

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Institutional Ownership by Quarter for NexGen Energy (NYSEAMERICAN:NXE)

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