CoreCommodity Management LLC cut its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 84.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,037 shares of the company's stock after selling 91,461 shares during the quarter. CoreCommodity Management LLC's holdings in NexGen Energy were worth $112,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in NXE. Barclays PLC boosted its stake in NexGen Energy by 328.3% during the third quarter. Barclays PLC now owns 187,861 shares of the company's stock worth $1,227,000 after buying an additional 143,996 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of NexGen Energy in the 4th quarter worth approximately $413,000. Janney Montgomery Scott LLC increased its holdings in NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock valued at $101,000 after purchasing an additional 1,500 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in shares of NexGen Energy during the fourth quarter worth $73,000. Finally, Caprock Group LLC acquired a new stake in shares of NexGen Energy in the fourth quarter valued at $462,000. Institutional investors and hedge funds own 42.43% of the company's stock.
NexGen Energy Price Performance
NXE traded up $0.17 during mid-day trading on Friday, hitting $5.72. The stock had a trading volume of 8,338,122 shares, compared to its average volume of 6,993,256. NexGen Energy Ltd. has a 1-year low of $3.91 and a 1-year high of $8.96. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 38.14 and a beta of 1.50. The stock's fifty day simple moving average is $4.83 and its 200-day simple moving average is $6.29.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus began coverage on NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Strong Buy".
View Our Latest Stock Analysis on NexGen Energy
About NexGen Energy
(
Free Report)
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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