Temasek Holdings Private Ltd grew its stake in shares of NexGen Energy (NYSE:NXE – Free Report) by 96.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,436,471 shares of the company’s stock after acquiring an additional 1,196,263 shares during the quarter. Temasek Holdings Private Ltd owned about 0.37% of NexGen Energy worth $28,263,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of NXE. L1 Capital Pty Ltd raised its stake in NexGen Energy by 9.1% in the fourth quarter. L1 Capital Pty Ltd now owns 33,642,681 shares of the company’s stock valued at $309,145,000 after purchasing an additional 2,804,090 shares in the last quarter. Van ECK Associates Corp lifted its position in NexGen Energy by 23.4% during the fourth quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company’s stock worth $268,240,000 after purchasing an additional 5,523,932 shares during the period. Vanguard Group Inc. grew its stake in 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 in the last quarter. Millennium Management LLC grew its stake in 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 in the last quarter. Finally, Hancock Prospecting Pty Ltd increased its holdings in NexGen Energy by 10.0% in the 4th quarter. Hancock Prospecting Pty Ltd now owns 9,078,245 shares of the company’s stock valued at $83,656,000 after buying an additional 828,245 shares during the period. 42.43% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NXE has been the subject of several analyst reports. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NexGen Energy has a consensus rating of “Moderate Buy”.
NexGen Energy Stock Up 5.0%
Shares of NXE stock opened at $9.16 on Wednesday. The business has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $11.35. The company has a market cap of $6.13 billion, a P/E ratio of -18.70 and a beta of 1.39. 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.
Recommended Stories
- Five stocks we like better than NexGen Energy
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
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.
