Nomura Holdings Inc. Buys New Position in NexGen Energy Ltd. (NYSE:NXE)

Nomura Holdings Inc. bought a new stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 67,057 shares of the company's stock, valued at approximately $443,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of NexGen Energy by 222.6% during 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 period. Van ECK Associates Corp lifted its holdings in shares of NexGen Energy by 79.7% during the fourth 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. Bank of New York Mellon Corp increased its position in shares of NexGen Energy by 954.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company's stock worth $12,385,000 after acquiring an additional 1,698,649 shares in the last quarter. Marshall Wace LLP raised its stake in NexGen Energy by 131.8% during the 4th quarter. Marshall Wace LLP now owns 2,224,419 shares of the company's stock valued at $14,681,000 after purchasing an additional 1,264,655 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new position in NexGen Energy in the 4th quarter valued at approximately $7,831,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Stock Up 15.1%

Shares of NYSE:NXE traded up $0.82 during midday trading on Friday, hitting $6.26. The stock had a trading volume of 21,173,496 shares, compared to its average volume of 7,049,803. The company has a market cap of $3.57 billion, a P/E ratio of 41.74 and a beta of 1.50. The business's 50-day simple moving average is $4.99 and its 200-day simple moving average is $6.17. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its 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, equities analysts predict that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

NXE has been the topic of a number of analyst reports. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Nicolaus assumed coverage on NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Strong Buy".

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.