Vanguard Group Inc. Raises Stake in NexGen Energy Ltd. (NYSE:NXE)

Vanguard Group Inc. boosted its holdings in NexGen Energy Ltd. (NYSE:NXE) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,436,513 shares of the company’s stock after purchasing an additional 298,106 shares during the quarter. Vanguard Group Inc.’s holdings in NexGen Energy were worth $134,779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Azarias Capital Management L.P. grew its stake in shares of NexGen Energy by 15.3% in the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock worth $13,455,000 after buying an additional 271,153 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of NexGen Energy by 719.6% during the third quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock valued at $1,176,000 after acquiring an additional 158,160 shares in the last quarter. Barclays PLC raised its position in shares of NexGen Energy by 328.3% in the 3rd quarter. Barclays PLC now owns 187,861 shares of the company’s stock worth $1,227,000 after purchasing an additional 143,996 shares during the last quarter. Segra Capital Management LLC boosted its stake in NexGen Energy by 19.8% in the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after purchasing an additional 1,931,200 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in NexGen Energy in the 3rd quarter worth about $4,915,000. Institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

NXE has been the subject of a number of analyst reports. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Raymond James restated an “outperform” rating on shares of NexGen Energy in a report on Friday. Stifel Nicolaus assumed coverage on NexGen Energy in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, NexGen Energy has a consensus rating of “Strong Buy”.

NexGen Energy Trading Down 2.0 %

Shares of NXE stock opened at $4.10 on Tuesday. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96. The stock has a market capitalization of $2.33 billion, a P/E ratio of 27.30 and a beta of 2.02. The firm’s 50 day moving average is $5.41 and its 200 day moving average is $6.67.

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.