Bank of America Corp DE Increases Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Bank of America Corp DE raised its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,995,608 shares of the company's stock after buying an additional 288,102 shares during the period. Bank of America Corp DE owned about 0.35% of NexGen Energy worth $13,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Azarias Capital Management L.P. increased its stake 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 valued at $13,455,000 after buying an additional 271,153 shares during the period. Van ECK Associates Corp lifted its stake in 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 acquiring an additional 3,762,756 shares during the period. Jennison Associates LLC bought a new position in NexGen Energy during the 4th quarter worth about $2,487,000. Vontobel Holding Ltd. grew its holdings in NexGen Energy by 94.0% during the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company's stock worth $375,000 after acquiring an additional 27,565 shares in the last quarter. Finally, Bank of New York Mellon Corp increased 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 valued at $12,385,000 after purchasing an additional 1,698,649 shares during the period. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Price Performance

NexGen Energy stock traded up $0.11 during trading hours on Tuesday, reaching $6.35. The stock had a trading volume of 14,347,292 shares, compared to its average volume of 7,079,014. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 42.34 and a beta of 1.50. The business's 50 day moving average price is $5.05 and its 200-day moving average price is $6.14. NexGen Energy Ltd. has a 52 week low of $3.91 and a 52 week high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). On average, sell-side analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

NXE has been the subject of several research reports. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Nicolaus started coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, NexGen Energy has an average 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.