NexGen Energy (NYSEAMERICAN:NXE) Stock Crosses Above 200-Day Moving Average of $0.00

NexGen Energy Ltd (NYSEAMERICAN:NXE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $1.36. NexGen Energy shares last traded at $1.33, with a volume of 25,830 shares trading hands.

Separately, Zacks Investment Research upgraded NexGen Energy from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research report on Thursday, July 18th.

NexGen Energy (NYSEAMERICAN:NXE) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01).

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signition LP bought a new stake in shares of NexGen Energy during the second quarter valued at approximately $73,000. UBS Asset Management Americas Inc. boosted its position in shares of NexGen Energy by 37.8% during the second quarter. UBS Asset Management Americas Inc. now owns 174,100 shares of the company’s stock valued at $272,000 after purchasing an additional 47,800 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of NexGen Energy by 17.4% during the first quarter. Toronto Dominion Bank now owns 175,295 shares of the company’s stock valued at $283,000 after purchasing an additional 25,958 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of NexGen Energy by 14.2% during the second quarter. CIBC Asset Management Inc now owns 184,756 shares of the company’s stock valued at $288,000 after purchasing an additional 22,946 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of NexGen Energy by 34.9% during the second quarter. Pinnacle Associates Ltd. now owns 187,881 shares of the company’s stock valued at $295,000 after purchasing an additional 48,629 shares in the last quarter.

NexGen Energy Company Profile (NYSEAMERICAN:NXE)

NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.

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