Mirae Asset Global Investments Co. Ltd. Purchases 1,744,062 Shares of NexGen Energy Ltd. (NYSE:NXE)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,505,360 shares of the company's stock after purchasing an additional 1,744,062 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 4.86% of NexGen Energy worth $179,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisor Group Holdings Inc. raised its holdings in NexGen Energy by 56.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,498 shares of the company's stock worth $42,000 after acquiring an additional 2,700 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in NexGen Energy by 104.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 56,063 shares of the company's stock worth $317,000 after acquiring an additional 28,585 shares during the period. Bank of New York Mellon Corp raised its holdings in NexGen Energy by 20,783.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,217,515 shares of the company's stock worth $18,211,000 after acquiring an additional 3,202,108 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in NexGen Energy by 104.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,540 shares of the company's stock worth $150,000 after acquiring an additional 13,559 shares during the period. Finally, Vontobel Holding Ltd. bought a new position in NexGen Energy in the 1st quarter worth $150,000. Institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Performance

Shares of NYSE:NXE traded up $0.08 on Friday, hitting $8.43. 4,034,928 shares of the company were exchanged, compared to its average volume of 5,959,049. The company's 50 day moving average price is $7.61 and its two-hundred day moving average price is $6.83. NexGen Energy Ltd. has a one year low of $3.49 and a one year high of $8.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 11.00 and a current ratio of 11.00. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 421.50 and a beta of 1.90.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Research analysts expect that NexGen Energy Ltd. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

Separately, Scotiabank started coverage on shares of NexGen Energy in a report on Monday, April 1st. They issued a "sector outperform" rating on the stock.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.