Bank of Montreal Can Raises Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Bank of Montreal Can boosted its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,034,350 shares of the company's stock after acquiring an additional 227,159 shares during the period. Bank of Montreal Can owned 0.36% of NexGen Energy worth $13,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in 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 buying an additional 3,700 shares during the last quarter. Silver Lake Advisory LLC purchased a new position in NexGen Energy in the fourth quarter worth about $73,000. Matauro LLC purchased a new position in NexGen Energy in the 4th quarter worth approximately $84,000. Sanctuary Advisors LLC bought a new position in NexGen Energy in the 3rd quarter valued at approximately $98,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of NexGen Energy by 10.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock valued at $101,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 42.43% of the company's stock.

NexGen Energy Price Performance

NYSE:NXE traded up $0.07 during mid-day trading on Thursday, hitting $4.74. The company's stock had a trading volume of 6,529,590 shares, compared to its average volume of 6,857,349. The business's fifty day moving average is $5.03 and its two-hundred day moving average is $6.53. NexGen Energy Ltd. has a 1 year low of $3.91 and a 1 year high of $8.96. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 31.57 and a beta of 2.02.

Analysts Set New Price Targets

Several brokerages recently commented on NXE. Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus assumed coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Three equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Strong Buy".

NexGen Energy Company 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.