Mercer Global Advisors Inc. ADV Reduces Holdings in NexGen Energy Ltd. (NYSE:NXE)

Mercer Global Advisors Inc. ADV cut its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 74.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,079 shares of the company's stock after selling 57,393 shares during the period. Mercer Global Advisors Inc. ADV's holdings in NexGen Energy were worth $133,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Azarias Capital Management L.P. boosted its holdings in shares of NexGen Energy by 15.3% in the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock valued at $13,455,000 after purchasing an additional 271,153 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of NexGen Energy in the 4th quarter valued at $2,487,000. Vontobel Holding Ltd. boosted its holdings in shares of NexGen Energy by 94.0% in the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company's stock valued at $375,000 after purchasing an additional 27,565 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NexGen Energy by 954.8% in 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 last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NXE shares. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Stifel Nicolaus started coverage on shares of 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 research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Strong Buy".

NexGen Energy Price Performance

NXE stock traded up $0.03 during midday trading on Tuesday, reaching $5.40. 5,837,441 shares of the company's stock traded hands, compared to its average volume of 6,991,591. The company has a market capitalization of $3.08 billion, a P/E ratio of 36.00 and a beta of 1.50. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The business has a 50-day moving average price of $4.92 and a two-hundred day moving average price of $6.19.

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

NexGen Energy Company 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.