NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Barclays PLC

Barclays PLC trimmed its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 33.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,681 shares of the company's stock after selling 62,180 shares during the period. Barclays PLC's holdings in NexGen Energy were worth $830,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Azarias Capital Management L.P. grew its position in shares of NexGen Energy by 15.3% during the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock worth $13,455,000 after buying an additional 271,153 shares in the last quarter. Van ECK Associates Corp grew its position in shares of NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after buying an additional 3,762,756 shares in the last quarter. Jennison Associates LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $2,487,000. Vontobel Holding Ltd. boosted its stake in shares of NexGen Energy by 94.0% during the fourth quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company's stock valued at $375,000 after purchasing an additional 27,565 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of NexGen Energy by 954.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company's stock valued at $12,385,000 after purchasing an additional 1,698,649 shares in the last quarter. Institutional investors own 42.43% of the company's stock.

NexGen Energy Price Performance

NYSE NXE traded down $0.02 during trading on Monday, hitting $5.72. The company's stock had a trading volume of 739,303 shares, compared to its average volume of 6,968,892. The company has a market cap of $3.26 billion, a PE ratio of 38.10 and a beta of 1.50. The business's 50 day simple moving average is $4.83 and its 200-day simple moving average is $6.27. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NXE. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Nicolaus began coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

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.