Deutsche Bank AG Purchases New Shares in NexGen Energy $NXE

Key Points

• Deutsche Bank AG acquired 4.08 million NexGen Energy shares worth approximately $38.3 million, giving it a 0.61% stake in the uranium developer.
• Institutional investors collectively own 42.43% of NexGen Energy, with several other funds recently initiating or increasing positions.
• Analyst sentiment is mixed: three analysts rate the stock a Buy, one a Hold and one a Sell, resulting in a consensus rating of Hold. Shares opened at $10.84 and have traded between $6.67 and $13.96 over the past year.

Deutsche Bank AG acquired a new position in NexGen Energy (NYSE:NXE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,078,863 shares of the company's stock, valued at approximately $38,301,000. Deutsche Bank AG owned approximately 0.61% of NexGen Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Leonteq Securities AG lifted its position in NexGen Energy by 88.2% during the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock worth $28,000 after buying an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC acquired a new stake in NexGen Energy in the 2nd quarter valued at about $46,000. SBI Securities Co. Ltd. increased its position in NexGen Energy by 454.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company's stock valued at $73,000 after acquiring an additional 6,528 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of NexGen Energy in the second quarter worth about $76,000. Finally, Jump Financial LLC bought a new position in shares of NexGen Energy in the fourth quarter worth about $93,000. Institutional investors own 42.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NXE. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, May 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded NexGen Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

NexGen Energy Stock Up 6.1%

Shares of NexGen Energy stock opened at $10.84 on Friday. NexGen Energy has a 12 month low of $6.67 and a 12 month high of $13.96. The stock has a market cap of $7.25 billion, a PE ratio of -27.10 and a beta of 1.40. The business has a fifty day simple moving average of $9.80 and a 200 day simple moving average of $11.08.

About NexGen Energy

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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