Toronto Dominion Bank Reduces Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Toronto Dominion Bank reduced its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 80.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,480 shares of the company's stock after selling 145,660 shares during the quarter. Toronto Dominion Bank's holdings in NexGen Energy were worth $227,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of NexGen Energy by 10.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock valued at $101,000 after buying an additional 1,500 shares during the last quarter. Caprock Group LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $462,000. Jennison Associates LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $2,487,000. Van ECK Associates Corp grew its stake 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 buying an additional 3,762,756 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in shares of NexGen Energy by 2.9% in the fourth quarter. Stanley Laman Group Ltd. now owns 504,394 shares of the company's stock valued at $3,329,000 after purchasing an additional 14,354 shares during the period. 42.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus assumed coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

NexGen Energy Price Performance

NYSE NXE traded up $0.09 during midday trading on Wednesday, hitting $6.43. 8,126,691 shares of the company traded hands, compared to its average volume of 7,083,187. The company has a market cap of $3.66 billion, a PE ratio of 42.87 and a beta of 1.50. The company's 50-day simple moving average is $5.05 and its 200-day simple moving average is $6.14. NexGen Energy Ltd. has a 52 week low of $3.91 and a 52 week high of $8.96.

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

About NexGen Energy

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.