Vanguard Group Inc. Increases Position in NexGen Energy $NXE

Vanguard Group Inc. increased its stake in shares of NexGen Energy (NYSE:NXE) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,657,783 shares of the company’s stock after buying an additional 3,304,071 shares during the quarter. Vanguard Group Inc.’s holdings in NexGen Energy were worth $226,901,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NexGen Energy by 4.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,608,861 shares of the company’s stock valued at $274,103,000 after buying an additional 1,189,516 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of NexGen Energy by 28.9% during the third quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock valued at $211,517,000 after buying an additional 5,305,263 shares during the last quarter. Millennium Management LLC grew its holdings in shares of NexGen Energy by 97.8% during the third quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock valued at $90,718,000 after buying an additional 5,011,890 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of NexGen Energy by 40.0% during the third quarter. Marshall Wace LLP now owns 8,685,633 shares of the company’s stock valued at $77,736,000 after buying an additional 2,481,013 shares during the last quarter. Finally, Hancock Prospecting Pty Ltd grew its holdings in shares of NexGen Energy by 43.5% during the third quarter. Hancock Prospecting Pty Ltd now owns 8,250,000 shares of the company’s stock valued at $73,842,000 after buying an additional 2,500,000 shares during the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Performance

NYSE:NXE opened at $12.15 on Friday. NexGen Energy has a one year low of $5.29 and a one year high of $13.96. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of -24.79 and a beta of 1.39. The firm’s fifty day moving average is $12.08 and its two-hundred day moving average is $10.78.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). As a group, equities research analysts predict that NexGen Energy will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group began coverage on NexGen Energy in a research report on Thursday, March 5th. They issued a “buy” rating on the stock. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Finally, Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NexGen Energy presently has an average rating of “Moderate Buy”.

NexGen Energy Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.