Raymond James Financial Inc. Invests $3.73 Million in NexGen Energy Ltd. (NYSE:NXE)

Raymond James Financial Inc. bought a new position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 564,838 shares of the company's stock, valued at approximately $3,728,000. Raymond James Financial Inc. owned 0.10% of NexGen Energy as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in NexGen Energy by 284.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after purchasing an additional 3,700 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in shares of NexGen Energy in the 4th quarter valued at $73,000. Matauro LLC purchased a new stake in NexGen Energy during the fourth quarter worth $84,000. Sanctuary Advisors LLC acquired a new stake in NexGen Energy during the third quarter valued at $98,000. Finally, Janney Montgomery Scott LLC increased its holdings in 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 in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Strong Buy".

NexGen Energy Price Performance

NexGen Energy stock traded up $0.06 during midday trading on Friday, reaching $5.34. The company had a trading volume of 3,375,688 shares, compared to its average volume of 6,952,208. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96. The company has a market capitalization of $3.04 billion, a P/E ratio of 35.57 and a beta of 2.02. The firm's fifty day simple moving average is $4.79 and its 200-day simple moving average is $6.39.

NexGen Energy Company Profile

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.