Bridgewater Associates LP Has $12.38 Million Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Bridgewater Associates LP decreased its holdings in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,875,574 shares of the company's stock after selling 1,139,743 shares during the quarter. Bridgewater Associates LP owned approximately 0.33% of NexGen Energy worth $12,379,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in NXE. JPMorgan Chase & Co. raised its position in shares of NexGen Energy by 222.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock worth $41,882,000 after purchasing an additional 4,378,933 shares during the period. Van ECK Associates Corp raised its holdings in NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after buying an additional 3,762,756 shares during the period. Bank of New York Mellon Corp lifted its stake in NexGen Energy by 954.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company's stock worth $12,385,000 after acquiring an additional 1,698,649 shares in the last quarter. Renaissance Technologies LLC purchased a new position in NexGen Energy in the fourth quarter valued at about $4,054,000. Finally, Raymond James Financial Inc. bought a new position in shares of NexGen Energy during the 4th quarter valued at $3,728,000. 42.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

NexGen Energy Trading Up 3.5 %

Shares of NYSE:NXE traded up $0.16 on Tuesday, hitting $4.64. The company had a trading volume of 1,461,078 shares, compared to its average volume of 6,866,408. 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 $2.64 billion, a price-to-earnings ratio of 30.84 and a beta of 2.02. The stock has a 50 day moving average price of $4.93 and a 200 day moving average price of $6.49.

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.