Bosun Asset Management LLC Invests $351,000 in NexGen Energy Ltd. (NYSE:NXE)

Bosun Asset Management LLC purchased a new stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 53,155 shares of the company's stock, valued at approximately $351,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Azarias Capital Management L.P. increased its position in shares of NexGen Energy by 15.3% during the fourth quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock worth $13,455,000 after acquiring an additional 271,153 shares in the last quarter. Barclays PLC boosted its stake in NexGen Energy by 328.3% during the 3rd quarter. Barclays PLC now owns 187,861 shares of the company's stock valued at $1,227,000 after purchasing an additional 143,996 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of NexGen Energy by 79.7% in the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after purchasing an additional 3,762,756 shares during the last quarter. Jennison Associates LLC bought a new position in shares of NexGen Energy in the fourth quarter valued at approximately $2,487,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of NexGen Energy by 94.0% in 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. Institutional investors own 42.43% of the company's stock.

Analysts Set New Price Targets

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

NexGen Energy Trading Up 3.0 %

NYSE:NXE opened at $5.40 on Wednesday. The firm's 50 day moving average is $4.79 and its 200 day moving average is $6.33. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96. The stock has a market capitalization of $3.07 billion, a PE ratio of 35.97 and a beta of 1.50.

NexGen Energy 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.

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