BlackRock Inc. Purchases Shares of 136,111 NexGen Energy $NXE

BlackRock Inc. acquired a new position in shares of NexGen Energy (NYSE:NXE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 136,111 shares of the company's stock, valued at approximately $1,278,000.

A number of other hedge funds have also recently modified their holdings of NXE. Deutsche Bank AG purchased a new stake in NexGen Energy in the second quarter valued at $38,301,000. Persistent Asset Partners Ltd acquired a new stake in shares of NexGen Energy in the 2nd quarter valued at about $2,126,000. Old West Investment Management LLC purchased a new position in NexGen Energy during the 2nd quarter worth approximately $19,115,000. Alberta Investment Management Corp acquired a new position in NexGen Energy during the second quarter worth approximately $3,120,000. Finally, Fielder Capital Group LLC acquired a new position in NexGen Energy during the second quarter worth approximately $2,412,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on NexGen Energy in a report on Thursday. They issued a "buy" rating for the company. Wall Street Zen raised NexGen Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of NexGen Energy in a research note on Friday, August 28th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

NexGen Energy Stock Performance

NXE opened at $10.75 on Monday. The company has a market cap of $7.19 billion, a price-to-earnings ratio of -26.87 and a beta of 1.40. NexGen Energy has a one year low of $7.33 and a one year high of $13.96. The business's fifty day moving average is $9.87 and its two-hundred day moving average is $11.00.

NexGen Energy Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.

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