NexGen Energy Ltd. (NYSE:NXE) Stock Holdings Trimmed by CoreCommodity Management LLC

CoreCommodity Management LLC trimmed its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 84.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NXE. JPMorgan Chase & Co. lifted its position in NexGen Energy by 222.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock worth $41,882,000 after acquiring an additional 4,378,933 shares during the period. Van ECK Associates Corp lifted its position in 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 acquiring an additional 3,762,756 shares during the period. Bank of New York Mellon Corp lifted its position in NexGen Energy by 954.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company's stock worth $12,385,000 after acquiring an additional 1,698,649 shares during the period. Marshall Wace LLP lifted its position in NexGen Energy by 131.8% during the 4th quarter. Marshall Wace LLP now owns 2,224,419 shares of the company's stock worth $14,681,000 after acquiring an additional 1,264,655 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in NexGen Energy during the 4th quarter worth approximately $4,054,000. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Price Performance

Shares of NXE remained flat at $5.71 on Tuesday. The company had a trading volume of 3,067,151 shares, compared to its average volume of 6,989,061. The company's fifty day moving average is $4.85 and its 200-day moving average is $6.26. NexGen Energy Ltd. has a 1-year low of $3.91 and a 1-year high of $8.96. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 38.07 and a beta of 1.50.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). As a group, equities analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on NXE. Scotiabank reiterated 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. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Finally, Stifel Canada raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

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.