JPMorgan Chase & Co. boosted its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 222.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,345,726 shares of the company's stock after acquiring an additional 4,378,933 shares during the quarter. JPMorgan Chase & Co. owned 1.12% of NexGen Energy worth $41,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after buying an additional 3,700 shares during the period. Silver Lake Advisory LLC bought a new stake in NexGen Energy in the 4th quarter worth $73,000. Matauro LLC purchased a new position in shares of NexGen Energy in the fourth quarter valued at about $84,000. Sanctuary Advisors LLC purchased a new position in shares of NexGen Energy in the third quarter valued at about $98,000. Finally, Janney Montgomery Scott LLC raised its stake 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 acquiring an additional 1,500 shares during the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus started coverage on NexGen Energy in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Three investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NexGen Energy has an average rating of "Strong Buy".
Read Our Latest Report on NexGen Energy
NexGen Energy Price Performance
NXE traded up $0.24 on Friday, hitting $4.65. The company had a trading volume of 10,893,984 shares, compared to its average volume of 6,822,860. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96. The stock has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $6.58. The firm has a market capitalization of $2.64 billion, a P/E ratio of 30.97 and a beta of 2.02.
NexGen Energy Company Profile
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Free Report)
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.
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