BW Gestao de Investimentos Ltda. acquired a new stake in shares of NexGen Energy (NYSE:NXE – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 677,146 shares of the company’s stock, valued at approximately $6,230,000.
Several other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NexGen Energy by 4.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,608,861 shares of the company’s stock worth $274,103,000 after buying an additional 1,189,516 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NexGen Energy by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after buying an additional 3,304,071 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NexGen Energy by 28.9% during the third quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock worth $211,517,000 after buying an additional 5,305,263 shares during the last quarter. Millennium Management LLC grew its stake in shares of NexGen Energy by 97.8% during the third quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock worth $90,718,000 after buying an additional 5,011,890 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of NexGen Energy by 40.0% during the third quarter. Marshall Wace LLP now owns 8,685,633 shares of the company’s stock worth $77,736,000 after buying an additional 2,481,013 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have weighed in on NXE shares. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. UBS Group started coverage on shares of NexGen Energy in a research note on Thursday, March 5th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
NexGen Energy Stock Up 8.9%
NXE stock opened at $12.41 on Wednesday. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of -25.33 and a beta of 1.35. NexGen Energy has a 12-month low of $6.18 and a 12-month high of $13.96. The company’s fifty day simple moving average is $11.72 and its 200 day simple moving average is $11.08.
NexGen Energy (NYSE:NXE – Get Free Report) last released its earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Research analysts expect that NexGen Energy will post -0.22 earnings per share for the current year.
NexGen Energy Company 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.
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