NexGen Energy Ltd. (NYSE:NXE) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 38.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 623,857 shares of the company's stock after buying an additional 172,499 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of NexGen Energy worth $4,117,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after purchasing an additional 3,700 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of NexGen Energy in the 4th quarter worth $51,000. Mariner LLC purchased a new stake in shares of NexGen Energy in the 4th quarter worth $68,000. Aptus Capital Advisors LLC bought a new position in shares of NexGen Energy during the 4th quarter worth $79,000. Finally, Matauro LLC purchased a new position in shares of NexGen Energy during the fourth quarter valued at $84,000. 42.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on NXE. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Raymond James restated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus initiated coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Strong Buy".

NexGen Energy Stock Performance

NXE traded up $0.10 on Friday, hitting $6.40. The company had a trading volume of 6,949,666 shares, compared to its average volume of 7,224,566. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 42.67 and a beta of 1.54. The stock has a fifty day moving average price of $5.28 and a 200-day moving average price of $6.05. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings data 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). Analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

NexGen Energy Company 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.