NexGen Energy (NYSE:NXE) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in NexGen Energy (NYSE:NXE - Free Report) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,021,300 shares of the company's stock after purchasing an additional 144,742 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.36% of NexGen Energy worth $9,076,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in NexGen Energy during the fourth quarter worth about $3,728,000. PNC Financial Services Group Inc. raised its stake in NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after acquiring an additional 3,700 shares during the period. Natixis Advisors LLC raised its stake in NexGen Energy by 46.6% during the fourth quarter. Natixis Advisors LLC now owns 84,772 shares of the company's stock worth $559,000 after acquiring an additional 26,952 shares during the period. Vanguard Group Inc. grew its position in NexGen Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company's stock worth $134,779,000 after purchasing an additional 298,106 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in NexGen Energy by 222.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock worth $41,882,000 after purchasing an additional 4,378,933 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Price Performance

Shares of NexGen Energy stock traded down $0.13 on Friday, hitting $7.31. The company had a trading volume of 6,267,317 shares, compared to its average volume of 7,744,570. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $8.96. The company has a market cap of $4.17 billion, a PE ratio of -45.65 and a beta of 1.55. The business has a 50-day simple moving average of $6.57 and a 200-day simple moving average of $5.87.

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

Analysts Set New Price Targets

Several research firms have commented on NXE. Desjardins began coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They issued a "buy" rating for the company. Raymond James Financial restated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy".

About NexGen Energy

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.