NexGen Energy Target of Unusually High Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) saw some unusual options trading on Wednesday. Stock investors purchased 20,824 call options on the stock. This represents an increase of approximately 80% compared to the typical daily volume of 11,548 call options.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NXE. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Nicolaus began coverage on NexGen Energy in a research report on Wednesday. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in shares of NexGen Energy by 284.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock valued at $33,000 after purchasing an additional 3,700 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of NexGen Energy in the 4th quarter valued at about $51,000. Mariner LLC acquired a new position in shares of NexGen Energy in the 4th quarter valued at about $68,000. Larson Financial Group LLC lifted its stake in shares of NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after purchasing an additional 5,827 shares during the period. Finally, Silver Lake Advisory LLC bought a new stake in NexGen Energy in the 4th quarter valued at about $73,000. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Trading Up 1.4 %

Shares of NXE opened at $4.81 on Thursday. The company has a market capitalization of $2.73 billion, a PE ratio of 32.04 and a beta of 1.97. NexGen Energy has a 12 month low of $4.44 and a 12 month high of $8.96. The stock’s 50-day moving average price is $6.23 and its two-hundred day moving average price is $6.79.

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.