Turim 21 Investimentos Ltda. Invests $1.63 Million in NexGen Energy $NXE

Turim 21 Investimentos Ltda. purchased a new stake in NexGen Energy (NYSE:NXE) in the second quarter, Holdings Channel reports. The firm purchased 174,032 shares of the company’s stock, valued at approximately $1,634,000. NexGen Energy accounts for approximately 0.3% of Turim 21 Investimentos Ltda.’s portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Leonteq Securities AG boosted its stake in NexGen Energy by 88.2% during the first 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 position in shares of NexGen Energy during the 2nd quarter worth $46,000. SBI Securities Co. Ltd. boosted its position in shares of NexGen Energy by 454.3% during the 4th 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 during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of NexGen Energy during the 2nd quarter valued at about $76,000. Finally, Jump Financial LLC purchased a new stake in shares of NexGen Energy in the fourth quarter valued at about $93,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NXE opened at $10.53 on Thursday. NexGen Energy has a 1-year low of $6.26 and a 1-year high of $13.96. The stock has a market cap of $7.05 billion, a PE ratio of -26.33 and a beta of 1.40. The firm has a 50-day simple moving average of $9.77 and a two-hundred day simple moving average of $11.09.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Finally, Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NexGen Energy presently has a consensus rating of “Hold”.

NexGen Energy 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.