Van ECK Associates Corp grew its holdings in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,502,338 shares of the company's stock after buying an additional 292,110 shares during the period. Van ECK Associates Corp owned 0.29% of NexGen Energy worth $10,489,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of NexGen Energy during the 3rd quarter valued at $28,000. Anchor Investment Management LLC bought a new stake in shares of NexGen Energy during the 4th quarter valued at $63,000. Financial Security Advisor Inc. bought a new position in NexGen Energy in the 3rd quarter worth $61,000. Clear Street Markets LLC purchased a new position in NexGen Energy during the third quarter valued at $65,000. Finally, Southland Equity Partners LLC bought a new stake in NexGen Energy during the fourth quarter valued at about $123,000. 42.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Scotiabank assumed coverage on shares of NexGen Energy in a report on Monday, April 1st. They issued a "sector outperform" rating for the company.
View Our Latest Report on NexGen Energy
NexGen Energy Price Performance
NYSE:NXE traded up $0.12 on Friday, reaching $8.29. 5,313,608 shares of the company's stock traded hands, compared to its average volume of 6,387,505. The stock has a 50-day simple moving average of $7.73 and a 200-day simple moving average of $7.12. NexGen Energy Ltd. has a 12 month low of $3.61 and a 12 month high of $8.88. The firm has a market cap of $4.47 billion, a PE ratio of 414.71 and a beta of 1.90. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19.
NexGen Energy (NYSE:NXE - Get Free Report) last issued its earnings results 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). Equities research analysts forecast that NexGen Energy Ltd. will post -0.1 earnings per share for the current year.
About NexGen Energy
(
Free Report)
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.
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