MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in NexGen Energy Ltd. (NYSE:NXE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,018,623 shares of the company's stock after purchasing an additional 501,952 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 6.15% of NexGen Energy worth $230,828,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake 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 buying an additional 3,700 shares during the period. Altshuler Shaham Ltd bought a new position in shares of NexGen Energy during the 4th quarter worth $51,000. Mariner LLC purchased a new stake in NexGen Energy in the 4th quarter worth about $68,000. Silver Lake Advisory LLC bought a new stake in NexGen Energy in the 4th quarter valued at about $73,000. Finally, Aptus Capital Advisors LLC purchased a new stake in NexGen Energy during the fourth quarter valued at about $79,000. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Price Performance

Shares of NXE traded down $0.11 during midday trading on Wednesday, hitting $5.59. 9,310,009 shares of the company traded hands, compared to its average volume of 6,989,236. NexGen Energy Ltd. has a one year low of $3.91 and a one year high of $8.96. The firm has a market cap of $3.18 billion, a P/E ratio of 37.27 and a beta of 1.50. The stock has a 50-day moving average of $4.87 and a 200-day moving average of $6.25.

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

Analyst Ratings Changes

NXE has been the subject of a number of research reports. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a research 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. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Three analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company 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.