Two Sigma Securities LLC Buys 50,813 Shares of NexGen Energy Ltd. (NYSE:NXE)

Two Sigma Securities LLC grew its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 224.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,434 shares of the company's stock after acquiring an additional 50,813 shares during the quarter. Two Sigma Securities LLC's holdings in NexGen Energy were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Azarias Capital Management L.P. raised its stake in shares of NexGen Energy by 15.3% during the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock worth $13,455,000 after purchasing an additional 271,153 shares during the period. Barclays PLC raised its stake in shares of NexGen Energy by 328.3% during the 3rd quarter. Barclays PLC now owns 187,861 shares of the company's stock worth $1,227,000 after purchasing an additional 143,996 shares during the period. Van ECK Associates Corp raised its stake 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 worth $55,971,000 after purchasing an additional 3,762,756 shares during the period. Jennison Associates LLC bought a new stake in shares of NexGen Energy during the 4th quarter worth $2,487,000. Finally, Vontobel Holding Ltd. raised its stake in shares of NexGen Energy by 94.0% during the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company's stock worth $375,000 after purchasing an additional 27,565 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NXE has been the topic of a number of recent analyst reports. Stifel Canada upgraded 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 research note on Thursday, March 6th. Raymond James restated an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Finally, Stifel Nicolaus began coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Three equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

NexGen Energy Stock Down 0.6 %

NexGen Energy stock traded down $0.03 during midday trading on Tuesday, reaching $5.27. The stock had a trading volume of 8,122,894 shares, compared to its average volume of 6,971,090. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96. The firm's 50-day moving average price is $4.80 and its 200 day moving average price is $6.41. The firm has a market capitalization of $3.00 billion, a PE ratio of 35.14 and a beta of 2.02.

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.