Bank of Montreal Can Acquires 227,159 Shares of NexGen Energy Ltd. (NYSE:NXE)

Bank of Montreal Can boosted its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,034,350 shares of the company's stock after buying an additional 227,159 shares during the period. Bank of Montreal Can owned approximately 0.36% of NexGen Energy worth $13,399,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in NexGen Energy by 10.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after buying an additional 1,500 shares during the period. Tcfg Wealth Management LLC grew its stake in NexGen Energy by 6.3% during the fourth quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock worth $412,000 after buying an additional 3,700 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of NexGen Energy by 284.6% during the fourth 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. Rye Brook Capital LLC grew its holdings in NexGen Energy by 0.9% during the 4th quarter. Rye Brook Capital LLC now owns 701,000 shares of the company's stock valued at $4,627,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Trek Financial LLC boosted its holdings in NexGen Energy by 1.8% in the fourth quarter. Trek Financial LLC now owns 374,071 shares of the company's stock valued at $2,469,000 after purchasing an additional 6,508 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Price Performance

NXE traded up $0.07 during midday trading on Friday, hitting $4.74. 6,635,668 shares of the company's stock traded hands, compared to its average volume of 6,868,827. NexGen Energy Ltd. has a one year low of $3.91 and a one year high of $8.96. The stock's fifty day simple moving average is $5.00 and its 200-day simple moving average is $6.52. The company has a market cap of $2.69 billion, a PE ratio of 31.57 and a beta of 2.02.

Analyst Upgrades and Downgrades

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

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.