Weiss Asset Management LP Purchases New Stake in NexGen Energy $NXE

Weiss Asset Management LP purchased a new stake in shares of NexGen Energy (NYSE:NXE – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 81,120 shares of the company’s stock, valued at approximately $941,000.

A number of other large investors have also added to or reduced their stakes in the company. Leonteq Securities AG increased its position in shares of NexGen Energy by 88.2% in the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after acquiring an additional 1,098 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of NexGen Energy by 454.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after purchasing an additional 6,528 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of NexGen Energy during the second quarter worth about $76,000. Jump Financial LLC bought a new stake in shares of NexGen Energy in the fourth quarter worth about $93,000. Finally, First Trust Advisors LP bought a new stake in shares of NexGen Energy in the third quarter worth about $94,000. Institutional investors own 42.43% of the company’s stock.

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NexGen Energy Trading Up 1.6%

NYSE:NXE opened at $9.29 on Tuesday. The company has a 50-day moving average price of $10.05 and a 200-day moving average price of $11.33. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of -18.95 and a beta of 1.39. NexGen Energy has a 12 month low of $6.26 and a 12 month high of $13.96.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NXE. Scotiabank reaffirmed 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 analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

View Our Latest Report on NXE

NexGen Energy Company Profile

(Free Report)

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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