Public Employees Retirement System of Ohio Purchases Shares of 154,082 NexGen Energy $NXE

Public Employees Retirement System of Ohio purchased a new position in NexGen Energy (NYSE:NXE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 154,082 shares of the company's stock, valued at approximately $1,448,000.

A number of other large investors have also modified their holdings of NXE. PenderFund Capital Management Ltd. purchased a new position in NexGen Energy in the second quarter valued at $1,845,000. Raffles Associates LP acquired a new position in NexGen Energy during the 2nd quarter worth $939,000. Bank of America Corp DE purchased a new stake in NexGen Energy during the 2nd quarter worth about $13,674,000. Man Group plc purchased a new stake in NexGen Energy during the 2nd quarter worth about $2,583,000. Finally, Jupiter Topco LLC acquired a new stake in NexGen Energy in the 2nd quarter valued at about $5,064,000. Hedge funds and other institutional investors own 42.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NXE. Wall Street Zen upgraded NexGen Energy from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Jefferies Financial Group started coverage on shares of NexGen Energy in a research note on Thursday. They set a "buy" rating on the stock. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NexGen Energy in a report on Friday, August 28th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, NexGen Energy currently has an average rating of "Moderate Buy".

NexGen Energy Trading Up 0.2%

NexGen Energy stock opened at $10.75 on Tuesday. The company has a fifty day simple moving average of $9.89 and a 200-day simple moving average of $10.99. The stock has a market cap of $7.19 billion, a P/E ratio of -26.87 and a beta of 1.40. NexGen Energy has a 12-month low of $7.33 and a 12-month high of $13.96.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.

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