Regal Partners Ltd purchased a new position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 129,445 shares of the company's stock, valued at approximately $854,000.
Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after purchasing an additional 3,700 shares during the period. Altshuler Shaham Ltd acquired a new stake in NexGen Energy in the 4th quarter valued at about $51,000. Mariner LLC acquired a new position in NexGen Energy during the 4th quarter worth $68,000. Silver Lake Advisory LLC acquired a new stake in NexGen Energy in the fourth quarter worth about $73,000. Finally, Matauro LLC bought a new position in shares of NexGen Energy in the 4th quarter valued at about $84,000. 42.43% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Stifel Nicolaus initiated coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NexGen Energy currently has a consensus rating of "Strong Buy".
Get Our Latest Analysis on NexGen Energy
NexGen Energy Trading Down 0.5 %
NXE stock traded down $0.03 during trading hours on Monday, hitting $5.31. 4,964,263 shares of the stock were exchanged, compared to its average volume of 6,982,479. The company has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $6.35. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96. The firm has a market capitalization of $3.02 billion, a P/E ratio of 35.24 and a beta of 1.50.
NexGen Energy Profile
(
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 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.
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