Fmr LLC Has $55.51 Million Stock Position in NexGen Energy Ltd. (NYSE:NXE)

FMR LLC decreased its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 36.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,511,622 shares of the company's stock after selling 4,783,507 shares during the quarter. FMR LLC owned about 1.51% of NexGen Energy worth $55,509,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in NexGen Energy in the third quarter worth approximately $6,585,000. CIBC Asset Management Inc grew its holdings in shares of NexGen Energy by 13.4% in the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company's stock worth $6,043,000 after acquiring an additional 109,754 shares during the last quarter. Rye Brook Capital LLC raised its position in shares of NexGen Energy by 18.7% during the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company's stock worth $4,538,000 after purchasing an additional 109,500 shares during the period. Millennium Management LLC raised its position in shares of NexGen Energy by 109.6% during the second quarter. Millennium Management LLC now owns 1,641,407 shares of the company's stock worth $11,441,000 after purchasing an additional 858,471 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of NexGen Energy by 792.0% during the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company's stock valued at $46,434,000 after purchasing an additional 6,317,538 shares during the last quarter. Institutional investors own 42.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, September 3rd.

NexGen Energy Price Performance

NYSE NXE traded down $0.10 on Friday, hitting $8.37. 4,551,717 shares of the stock were exchanged, compared to its average volume of 7,399,823. The company's 50-day moving average price is $7.60 and its two-hundred day moving average price is $6.92. NexGen Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $8.96. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 55.84 and a beta of 1.91.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). During the same quarter last year, the firm posted ($0.04) earnings per share. Equities analysts predict that NexGen Energy Ltd. will post -0.05 EPS 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.