Raymond James Financial Inc. Buys Shares of 564,838 NexGen Energy Ltd. (NYSE:NXE)

Raymond James Financial Inc. bought a new position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 564,838 shares of the company's stock, valued at approximately $3,728,000. Raymond James Financial Inc. owned approximately 0.10% of NexGen Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Barclays PLC raised its stake in NexGen Energy by 328.3% in the 3rd quarter. Barclays PLC now owns 187,861 shares of the company's stock worth $1,227,000 after purchasing an additional 143,996 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of NexGen Energy during the third quarter worth approximately $98,000. Harbour Capital Advisors LLC acquired a new stake in shares of NexGen Energy in the fourth quarter valued at approximately $413,000. Janney Montgomery Scott LLC boosted its stake in shares of NexGen Energy by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock valued at $101,000 after buying an additional 1,500 shares during the period. Finally, Silver Lake Advisory LLC acquired a new stake in NexGen Energy during the fourth quarter worth approximately $73,000. Institutional investors own 42.43% of the company's stock.

Wall Street Analysts Forecast Growth

NXE has been the topic of several analyst reports. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Three research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

NexGen Energy Stock Performance

Shares of NexGen Energy stock traded up $0.07 during midday trading on Thursday, hitting $5.30. 8,195,646 shares of the company traded hands, compared to its average volume of 6,961,987. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 35.30 and a beta of 2.02. The firm's fifty day moving average price is $4.80 and its 200-day moving average price is $6.41. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96.

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.