Bank of New York Mellon Corp Acquires 1,698,649 Shares of NexGen Energy Ltd. (NYSE:NXE)

Bank of New York Mellon Corp increased its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 954.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,876,558 shares of the company's stock after buying an additional 1,698,649 shares during the quarter. Bank of New York Mellon Corp owned 0.33% of NexGen Energy worth $12,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NXE. Olympiad Research LP acquired a new stake in NexGen Energy during the 4th quarter valued at $156,000. Matauro LLC acquired a new stake in NexGen Energy during the 4th quarter valued at $84,000. Rye Brook Capital LLC increased its holdings in NexGen Energy by 0.9% during the 4th quarter. Rye Brook Capital LLC now owns 701,000 shares of the company's stock valued at $4,627,000 after purchasing an additional 6,000 shares in the last quarter. Tcfg Wealth Management LLC increased its stake in shares of NexGen Energy by 6.3% in the 4th quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock valued at $412,000 after buying an additional 3,700 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in shares of NexGen Energy by 94.0% in the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company's stock valued at $375,000 after buying an additional 27,565 shares during the period. Institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Down 0.1 %

Shares of NexGen Energy stock traded down $0.01 during trading on Friday, reaching $4.69. 7,867,905 shares of the company were exchanged, compared to its average volume of 6,308,464. NexGen Energy Ltd. has a twelve month low of $4.44 and a twelve month high of $8.96. The business has a 50-day moving average price of $6.13 and a 200-day moving average price of $6.77. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 31.24 and a beta of 1.97.

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Analyst Upgrades and Downgrades

NXE has been the subject of several research reports. Stifel Nicolaus initiated coverage on NexGen Energy in a research note on Wednesday. They issued a "buy" rating for the company. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of "Strong Buy".

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.