NexGen Energy Ltd. (NYSE:NXE) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 50.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,718,270 shares of the company’s stock after acquiring an additional 1,582,705 shares during the period. Van ECK Associates Corp’s holdings in NexGen Energy were worth $30,810,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXE. Kapitalo Investimentos Ltda bought a new stake in shares of NexGen Energy in the 3rd quarter worth approximately $6,585,000. Swiss National Bank raised its stake in NexGen Energy by 12.9% during the 1st quarter. Swiss National Bank now owns 989,000 shares of the company’s stock valued at $7,686,000 after purchasing an additional 112,700 shares during the period. Millennium Management LLC grew its stake in NexGen Energy by 109.6% during the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock valued at $11,441,000 after acquiring an additional 858,471 shares in the last quarter. Rye Brook Capital LLC increased its holdings in NexGen Energy by 18.7% in the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after buying an additional 109,500 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in NexGen Energy by 316.0% in the first quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company’s stock worth $1,140,000 after purchasing an additional 111,283 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NXE. Ventum Cap Mkts upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus target price of $11.00.

NexGen Energy Stock Down 1.0 %

Shares of NXE stock opened at $7.16 on Tuesday. The stock has a 50-day moving average price of $6.65 and a 200 day moving average price of $6.89. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 716.00 and a beta of 1.90. NexGen Energy Ltd. has a 12 month low of $4.95 and a 12 month high of $8.88.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. During the same period in the prior year, the business earned ($0.03) earnings per share. Sell-side analysts predict that NexGen Energy Ltd. will post -0.09 earnings per share for the current fiscal year.

About NexGen Energy

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.