NexGen Energy Ltd. (NYSE:NXE) Position Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NexGen Energy Ltd. (NYSE:NXE) by 1.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,018,623 shares of the company’s stock after buying an additional 501,952 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of NexGen Energy worth $230,828,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NXE. JPMorgan Chase & Co. lifted its stake in NexGen Energy by 222.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock valued at $41,882,000 after buying an additional 4,378,933 shares during the last quarter. Van ECK Associates Corp lifted its stake in NexGen Energy by 79.7% in the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after buying an additional 3,762,756 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in NexGen Energy by 954.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock valued at $12,385,000 after buying an additional 1,698,649 shares during the last quarter. Marshall Wace LLP lifted its stake in NexGen Energy by 131.8% in the fourth quarter. Marshall Wace LLP now owns 2,224,419 shares of the company’s stock valued at $14,681,000 after buying an additional 1,264,655 shares during the last quarter. Finally, Encompass Capital Advisors LLC bought a new stake in NexGen Energy in the fourth quarter valued at $7,831,000. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Stock Up 3.1%

NYSE:NXE opened at $5.72 on Monday. NexGen Energy Ltd. has a 1-year low of $3.91 and a 1-year high of $8.96. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 38.14 and a beta of 1.50. The stock has a fifty day simple moving average of $4.83 and a 200 day simple moving average of $6.27.

Analyst Ratings Changes

A number of research analysts have recently commented on NXE shares. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Raymond James reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th. Finally, Stifel Canada raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

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.