Bank of New York Mellon Corp Increases Stock Holdings in NexGen Energy (NYSE:NXE)

Bank of New York Mellon Corp increased its holdings in NexGen Energy (NYSE:NXE - Free Report) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,021,300 shares of the company's stock after purchasing an additional 144,742 shares during the period. Bank of New York Mellon Corp owned approximately 0.36% of NexGen Energy worth $9,076,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after purchasing an additional 3,700 shares during the period. Altshuler Shaham Ltd acquired a new stake in NexGen Energy in the 4th quarter valued at $51,000. Mariner LLC acquired a new stake in NexGen Energy in the 4th quarter valued at $68,000. Aptus Capital Advisors LLC acquired a new stake in NexGen Energy in the 4th quarter valued at $79,000. Finally, Hsbc Holdings PLC grew its position in shares of NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock valued at $124,000 after acquiring an additional 3,473 shares during the period. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Trading Down 0.5%

Shares of NexGen Energy stock traded down $0.04 during trading on Tuesday, hitting $6.83. 9,585,262 shares of the stock traded hands, compared to its average volume of 7,903,911. The firm has a market cap of $3.90 billion, a P/E ratio of -42.65 and a beta of 1.55. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96. The stock's fifty day simple moving average is $6.43 and its 200 day simple moving average is $5.86.

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

Analyst Ratings Changes

NXE has been the topic of a number of research reports. Desjardins initiated coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Raymond James Financial restated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, NexGen Energy currently has an average rating of "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.