Toronto Dominion Bank Sells 145,660 Shares of NexGen Energy Ltd. (NYSE:NXE)

Toronto Dominion Bank lowered its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 80.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of NexGen Energy by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock worth $230,828,000 after acquiring an additional 501,952 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of NexGen Energy by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company's stock worth $134,779,000 after buying an additional 298,106 shares during the period. Nuveen Asset Management LLC grew its stake in shares of NexGen Energy by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock valued at $57,659,000 after buying an additional 82,413 shares in the last quarter. Van ECK Associates Corp raised 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 valued at $55,971,000 after buying an additional 3,762,756 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in 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 last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Stock Up 6.1%

NYSE NXE traded up $0.37 on Tuesday, reaching $6.39. 15,778,919 shares of the stock traded hands, compared to its average volume of 7,186,220. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 42.57 and a beta of 1.50. The firm's fifty day simple moving average is $5.14 and its 200 day simple moving average is $6.10.

NexGen Energy (NYSE:NXE - Get Free Report) last issued 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 research analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on NXE. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Nicolaus assumed coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NexGen Energy 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.