Nuveen Asset Management LLC increased its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,747,305 shares of the company's stock after purchasing an additional 82,413 shares during the period. Nuveen Asset Management LLC owned approximately 1.54% of NexGen Energy worth $57,659,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in NXE. Janney Montgomery Scott LLC boosted its stake in shares of NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after purchasing an additional 1,500 shares during the period. Silver Lake Advisory LLC purchased a new position in shares of NexGen Energy during the 4th quarter worth about $73,000. Caprock Group LLC purchased a new position in shares of NexGen Energy during the 4th quarter worth about $462,000. Jennison Associates LLC purchased a new position in shares of NexGen Energy during the 4th quarter worth about $2,487,000. Finally, Van ECK Associates Corp boosted its stake in shares of NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after purchasing an additional 3,762,756 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.
NexGen Energy Stock Performance
NexGen Energy stock traded up $0.82 during trading hours on Friday, hitting $6.26. The company had a trading volume of 21,173,496 shares, compared to its average volume of 7,049,803. The firm has a market cap of $3.57 billion, a P/E ratio of 41.74 and a beta of 1.50. NexGen Energy Ltd. has a 1 year low of $3.91 and a 1 year high of $8.96. The company has a 50-day moving average price of $4.99 and a two-hundred day moving average price of $6.16.
NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). As a group, equities research analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.
Wall Street Analyst Weigh In
NXE has been the subject of several research reports. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Strong Buy".
View Our Latest Analysis on NexGen Energy
About NexGen Energy
(
Free Report)
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.
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