Norges Bank acquired a new stake in NexGen Energy (NYSE:NXE – Free Report) in the 4th quarter, Holdings Channel reports. The firm acquired 7,857,282 shares of the company’s stock, valued at approximately $72,303,000.
Several other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NexGen Energy by 4.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,608,861 shares of the company’s stock valued at $274,103,000 after purchasing an additional 1,189,516 shares in the last quarter. Vanguard Group Inc. grew its holdings in NexGen Energy by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock valued at $226,901,000 after buying an additional 3,304,071 shares during the last quarter. Van ECK Associates Corp grew its holdings in NexGen Energy by 28.9% during the 3rd quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock valued at $211,517,000 after buying an additional 5,305,263 shares during the last quarter. Millennium Management LLC grew its holdings in NexGen Energy by 97.8% during the 3rd quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock valued at $90,718,000 after buying an additional 5,011,890 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in NexGen Energy by 40.0% during the 3rd quarter. Marshall Wace LLP now owns 8,685,633 shares of the company’s stock valued at $77,736,000 after buying an additional 2,481,013 shares during the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.
NexGen Energy Stock Down 9.8%
NXE stock opened at $10.29 on Friday. NexGen Energy has a 52-week low of $6.20 and a 52-week high of $13.96. The stock’s fifty day simple moving average is $11.72 and its 200-day simple moving average is $11.15. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of -20.99 and a beta of 1.35.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on NXE
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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