Driehaus Capital Management LLC Buys 760,589 Shares of NexGen Energy Ltd. (NYSE:NXE)

Driehaus Capital Management LLC increased its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 54.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,146,030 shares of the company's stock after buying an additional 760,589 shares during the quarter. Driehaus Capital Management LLC owned about 0.38% of NexGen Energy worth $14,164,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NXE. Janney Montgomery Scott LLC grew its stake in shares of NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after purchasing an additional 1,500 shares during the period. Invesco Ltd. lifted its stake in NexGen Energy by 6.7% in the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after purchasing an additional 1,656 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of NexGen Energy by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock valued at $690,000 after purchasing an additional 2,648 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock worth $124,000 after acquiring an additional 3,473 shares during the last quarter. Finally, Tcfg Wealth Management LLC raised its stake in shares of NexGen Energy by 6.3% in the fourth quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock valued at $412,000 after acquiring an additional 3,700 shares in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

Shares of NexGen Energy stock traded down $0.11 during trading on Wednesday, hitting $5.59. The stock had a trading volume of 9,310,008 shares, compared to its average volume of 7,013,102. The business has a fifty day moving average of $4.86 and a two-hundred day moving average of $6.26. The firm has a market cap of $3.18 billion, a P/E ratio of 37.27 and a beta of 1.50. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). As a group, research analysts forecast that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

NXE has been the subject of several recent analyst reports. Raymond James restated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Nicolaus started coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy presently has a consensus rating of "Strong Buy".

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.