CANADA LIFE ASSURANCE Co cut its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 36.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 374,852 shares of the company's stock after selling 219,249 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of NexGen Energy worth $2,462,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. 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 acquiring an additional 3,700 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in NexGen Energy in the fourth quarter valued at about $51,000. Mariner LLC acquired a new position in NexGen Energy in the 4th quarter worth about $68,000. Silver Lake Advisory LLC purchased a new stake in shares of NexGen Energy during the 4th quarter worth about $73,000. Finally, Matauro LLC acquired a new stake in shares of NexGen Energy during the 4th quarter valued at about $84,000. Institutional investors and hedge funds own 42.43% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on NXE. Raymond James restated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank restated 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. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Three research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Strong Buy".
Read Our Latest Stock Analysis on NexGen Energy
NexGen Energy Stock Down 0.6 %
Shares of NYSE:NXE opened at $5.09 on Friday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 33.94 and a beta of 2.02. The business has a 50 day moving average price of $4.83 and a 200 day moving average price of $6.44. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96.
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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