Mountaineer Partners Management LLC Has $24.07 Million Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Mountaineer Partners Management LLC boosted its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 536.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,686,231 shares of the company’s stock after buying an additional 3,107,214 shares during the period. NexGen Energy makes up approximately 0.2% of Mountaineer Partners Management LLC’s holdings, making the stock its 14th biggest holding. Mountaineer Partners Management LLC’s holdings in NexGen Energy were worth $24,071,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Cetera Advisors LLC boosted its stake in NexGen Energy by 2.3% in the 1st quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after purchasing an additional 1,874 shares during the period. New Harbor Financial Group LLC boosted its position in shares of NexGen Energy by 20.0% during the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after buying an additional 2,500 shares during the period. Investment Management Corp of Ontario grew its holdings in shares of NexGen Energy by 14.6% during the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock worth $164,000 after buying an additional 3,200 shares in the last quarter. Stanley Laman Group Ltd. raised its position in NexGen Energy by 0.7% in the 2nd quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock valued at $3,351,000 after buying an additional 3,315 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in NexGen Energy by 24.6% in the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock valued at $153,000 after acquiring an additional 4,338 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd.

NexGen Energy Price Performance

Shares of NYSE:NXE opened at $8.12 on Wednesday. The company’s 50-day moving average price is $7.53 and its two-hundred day moving average price is $6.90. NexGen Energy Ltd. has a one year low of $4.95 and a one year high of $8.96. The stock has a market capitalization of $4.59 billion, a PE ratio of 54.14 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

About NexGen Energy

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