OMERS ADMINISTRATION Corp Raises Holdings in NexGen Energy Ltd. (NYSE:NXE)

OMERS ADMINISTRATION Corp grew its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 191.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,200 shares of the company's stock after purchasing an additional 69,700 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in NexGen Energy were worth $701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NXE. JPMorgan Chase & Co. raised its stake in NexGen Energy by 222.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock worth $41,882,000 after buying an additional 4,378,933 shares in the last quarter. Van ECK Associates Corp grew its holdings 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 acquiring an additional 3,762,756 shares during the period. Bank of New York Mellon Corp raised its position 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 worth $12,385,000 after acquiring an additional 1,698,649 shares in the last quarter. Marshall Wace LLP raised its position in shares of NexGen Energy by 131.8% in the 4th quarter. Marshall Wace LLP now owns 2,224,419 shares of the company's stock worth $14,681,000 after acquiring an additional 1,264,655 shares in the last quarter. Finally, Encompass Capital Advisors LLC purchased a new position in shares of NexGen Energy in the 4th quarter valued at approximately $7,831,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 0.6%

NexGen Energy stock traded up $0.03 during mid-day trading on Tuesday, hitting $5.40. The company had a trading volume of 5,837,441 shares, compared to its average volume of 6,991,591. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96. The company has a market capitalization of $3.08 billion, a PE ratio of 36.00 and a beta of 1.50. The stock's 50 day moving average price is $4.92 and its two-hundred day moving average price is $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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). Equities research analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NXE shares. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Nicolaus started coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, NexGen Energy presently has a consensus rating of "Strong 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.