Renaissance Technologies LLC Purchases Shares of 614,200 NexGen Energy Ltd. (NYSE:NXE)

Renaissance Technologies LLC acquired a new stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 614,200 shares of the company's stock, valued at approximately $4,054,000. Renaissance Technologies LLC owned about 0.11% of NexGen Energy as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NXE. PNC Financial Services Group Inc. boosted its position in shares of NexGen Energy by 284.6% in the 4th 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. Silver Lake Advisory LLC acquired a new stake in shares of NexGen Energy during the fourth quarter valued at approximately $73,000. Matauro LLC acquired a new position in NexGen Energy in the 4th quarter worth approximately $84,000. Sanctuary Advisors LLC acquired a new position in NexGen Energy in the 3rd quarter worth approximately $98,000. Finally, Janney Montgomery Scott LLC grew its position in 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 in the last quarter. 42.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on NXE. Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus began coverage on NexGen Energy in a research note on Wednesday, March 12th. They set a "buy" rating for the company. Three research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Strong Buy".

NexGen Energy Price Performance

Shares of NXE stock traded down $0.03 on Friday, hitting $5.09. The company's stock had a trading volume of 7,135,487 shares, compared to its average volume of 6,957,998. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 33.94 and a beta of 2.02. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The firm's fifty day moving average price is $4.83 and its 200-day moving average price is $6.44.

NexGen Energy 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.