Van ECK Associates Corp raised its stake in shares of NexGen Energy (NYSE:NXE – Free Report) by 23.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,157,056 shares of the company’s stock after purchasing an additional 5,523,932 shares during the period. Van ECK Associates Corp’s holdings in NexGen Energy were worth $268,240,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in NexGen Energy by 454.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after purchasing an additional 6,528 shares during the period. First Trust Advisors LP bought a new stake in NexGen Energy during the third quarter valued at about $94,000. Flow Traders U.S. LLC bought a new stake in NexGen Energy during the second quarter valued at about $76,000. TABR Capital Management LLC bought a new stake in NexGen Energy during the fourth quarter valued at about $101,000. Finally, Knuff & Co LLC bought a new stake in NexGen Energy during the fourth quarter valued at about $104,000. Institutional investors own 42.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Finally, UBS Group assumed coverage on NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating for the company. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
NexGen Energy Stock Up 0.9%
NYSE NXE opened at $9.84 on Friday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of -20.07 and a beta of 1.35. The business has a 50-day moving average price of $11.58 and a 200-day moving average price of $11.21. NexGen Energy has a twelve month low of $6.26 and a twelve month high of $13.96.
About NexGen Energy
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.
See Also
- Five stocks we like better than NexGen Energy
- MarketBeat Week in Review – 06/08 – 06/12
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
Want to see what other hedge funds are holding NXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexGen Energy (NYSE:NXE – Free Report).
Receive News & Ratings for NexGen Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexGen Energy and related companies with MarketBeat.com's FREE daily email newsletter.
