Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 919,200 shares of the company's stock after selling 168,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of NexGen Energy worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of NexGen Energy by 49.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 172,957 shares of the company's stock valued at $1,140,000 after buying an additional 56,930 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its stake in shares of NexGen Energy by 11.9% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 208,090 shares of the company's stock valued at $1,371,000 after buying an additional 22,090 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after buying an additional 3,700 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of NexGen Energy during the 4th quarter valued at $3,728,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of NexGen Energy during the 4th quarter valued at $127,000. Institutional investors own 42.43% of the company's stock.
NexGen Energy Price Performance
Shares of NexGen Energy stock traded up $0.13 during trading hours on Wednesday, reaching $4.95. The company's stock had a trading volume of 8,525,157 shares, compared to its average volume of 9,484,167. The firm has a 50 day moving average price of $6.03 and a 200-day moving average price of $6.76. NexGen Energy Ltd. has a one year low of $4.44 and a one year high of $8.96. The stock has a market cap of $2.81 billion, a P/E ratio of 32.97 and a beta of 1.97.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Strong Buy".
Read Our Latest Analysis on NXE
NexGen Energy Profile
(
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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