NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Kopernik Global Investors LLC

Kopernik Global Investors LLC reduced its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 99.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,205 shares of the company's stock after selling 670,729 shares during the quarter. NexGen Energy comprises about 0.0% of Kopernik Global Investors LLC's holdings, making the stock its 27th largest position. Kopernik Global Investors LLC's holdings in NexGen Energy were worth $34,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NXE. Janney Montgomery Scott LLC raised its stake in shares of NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after buying an additional 1,500 shares during the last quarter. Invesco Ltd. raised its position in NexGen Energy by 6.7% during the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after acquiring an additional 1,656 shares during the last quarter. Tcfg Wealth Management LLC lifted its holdings in shares of NexGen Energy by 6.3% in the fourth quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock valued at $412,000 after purchasing an additional 3,700 shares in the last quarter. PNC Financial Services Group Inc. grew its position 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 valued at $33,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Rye Brook Capital LLC increased its stake in shares of NexGen Energy by 0.9% during the 4th quarter. Rye Brook Capital LLC now owns 701,000 shares of the company's stock worth $4,627,000 after purchasing an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.

Wall Street Analyst Weigh In

NXE has been the topic of a number of analyst reports. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Three analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy".

NexGen Energy Stock Performance

Shares of NexGen Energy stock traded up $0.07 during trading hours on Thursday, reaching $4.74. The company's stock had a trading volume of 6,635,638 shares, compared to its average volume of 6,857,350. The stock has a market cap of $2.69 billion, a P/E ratio of 31.57 and a beta of 2.02. The company's 50 day simple moving average is $5.03 and its 200 day simple moving average is $6.53. NexGen Energy Ltd. has a one year low of $3.91 and a one year high of $8.96.

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.